News
Schindler Raises 2023 Revenue and Net Profit Forecast
Swiss elevator maker Schindler lifted its 2023 revenue and net profit forecast on October 19, saying its services business continued to grow while new installations declined less than the market,...
UK Service Lifts Now Exclusive U.K. Distributor for Metallschneider GmbH
UK Service Lifts, a leading company in the supply and installation of service and goods lifts, announced it has become the exclusive distributor for Metallschneider GmbH, a German manufacturer of...
Invertek Launches “Industry Changing” VFD at interlift
Elevator motor control technology manufacturer Invertek Drives Ltd. launched its new variable frequency drive (VFD), Optidrive Elevator Core, on October 17 at interlift 2023 in Augsburg, Germany. Describing Optidrive Elevator...
ATTA Elevators Acquires Performance Elevator
Ontario, Canada-headquartered ATTA Elevators, a full-service independent elevator and escalator company, has announced the acquisition of Performance Elevator, a founder-run elevator service business focused on maintenance, repair and modernization across...
Anlev Completes Acquisition of Two U.K. Lift Companies
Anlev Elevator Group, the lift, escalator and moving walk brand of Hong Kong-headquartered Analogue Holdings Ltd., announced on October 18 it completed two acquisitions of U.K. companies, furthering its global...
Montreal’s REM Faces Elevator Issues
Montreal's new Réseau Express Métropolitain (REM) light-rail network is not as accessible as it claims to be, according to users in a report by CBC News. REM opened at the...
Otis Shares Latest VT Solutions at CTBUH Conference
Leaders from Otis Worldwide Corp. shared the latest on connected vertical-transportation (VT) solutions, including how elevators interact with service robots and a preview of what’s next for AI-powered destination dispatching,...
Indian State Works To Finalize First-Ever Lift and Escalator Law
Government officials in the state of Uttar Pradesh in northern India are working to finalize the UP Lifts and Escalators Act, 2023, a “first-ever” law that would require annual maintenance...
Union: BC Elevator Workers Avoid Strike, For Now
The bargaining process between the International Union of Elevator Constructors’ BC branch (IUEC Local 82) and four employers – Otis, Schindler, KONE and TK Elevator — has resumed, reports CityNews...
Redeveloped Railway Station in Southwest India To Open Ahead of Schedule
The redeveloped Kollam railway station in the state of Kerala in southwest India, which will be served by new vertical-transportation (VT) equipment, is slated for completion six months ahead of...
