News
Global IoT Elevator Market Expected To Continue To Grow
Fact.MR forecasts the global Internet of Things (IoT) elevator market is set to reach US$93.9 billion by the end of 2022-2032 with a compound annual growth rate (CAGR) of 13.4%....
KONE India is Great Place To Work Certified; Fourth Time in a Row
KONE Elevators India continues its legacy by being Great Place to Work® Certified™ in India from October 2023 to October 2024 for the fourth consecutive time. This accomplishment reflects the...
Agreement Signed To Market Saudi Elevator Products in Iraq
Saudi Arabia’s Mayar Holding Co. announced on December 20 it signed a contract with an Iraqi firm to market and maintain its elevator products in the country, Zawya reports. In...
ESI Announces Sixth Add-On Acquisition
Elevator Service LLC (ESI) has acquired Allrise Elevator Co., a leading independent service provider in the greater St. Louis market. This investment is ESI's sixth add-on acquisition in the last...
Ziehl-Abegg Appoints Mayer New CTO
The supervisory board of Künzelsau, Germany-based Ziehl-Abegg SE has appointed Wolfgang Mayer as the company's new chief technology officer (CTO). Joining the global electric motor specialist from Kuka Robotics, Mayer's...
Kenya Town Opens First-Ever Escalator
Naivas Mall in Kakamega, Kenya, has introduced the town’s first-ever escalator, marking a novel chapter in the local shopping scene that many residents experienced for the first time, The Saturday...
Canada Theater Approved for Fundraising for Elevator Addition
Petrolia has given Victoria Playhouse Petrolia the greenlight to start fundraising for a CAD$3.5 million renovation at Victoria Hall in Petrolia, Ontario, Canada, for the addition of washrooms and elevator,...
Otis Makes Wall Street Journal Top List for First Time
Otis has been named to the Wall Street Journal’s Management Top 250 for 2023. This is Otis’ first year on the annual list, with notable recognition for financial strength and...
KONE Executive Board Changes Announced
Managing Director (MD) for KONE Middle East, Türkiye and Africa Nicolas Alchal has been appointed executive vice president (VP), Strategy & Transformation, as of January 1, 2025, succeeding Axel Berkling,...
Axxiom Elevator Expands Southwest Presence With Acquisition
After acquiring Arizona Elevator Services, Fort Lauderdale, Florida-based Axxiom Elevator has further expanded its Southwest presence by acquiring IronHawk Elevator, based in Tucson, Arizona, and serving southern Arizona and western...
