News
Ontario Office-to-Residential Conversion Act Voted Down
The Ford Government of Ontario, Canada, voted down the Commercial-to-Residential Conversion Act 2024, which would have cut red tape and sped up such conversions by up to two years as...
Atis Expands Footprint in Vermont Through Acquisition
ATIS has acquired the assets of Vermont Elevator Inspection Services (VEIS), according to Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, Missouri, Morningstar reports. Founded...
Schindler Lifts Australia Promotes Montresor to MD
Schindler Lifts Australia has promoted Stefano Montresor to managing director (MD) of Schindler Lifts Australia, where he had a 14-year-long career in various positions. In 2010, Montresor joined the company...
Stannah Wins Network Rail Lift and Escalator Service Contract
Stannah, headquartered in Andover, U.K., announced it signed a new, potentially GBP50-million (US$63.7-million) five-year contract with Network Rail to service its lifts and escalators. Significantly, the contract includes escalator maintenance...
LeCardi Named Metro Elevator VP of Modernization
James LeCardi was recently named vice president (VP) of Modernization at Metro Elevator. Based in the NYC metropolitan area, LeCardi joins Metro Elevator from Schindler, where he held roles including...
Schindler To Provide Elevators For Cairo NAC Project
Cairo, Egypt-based MGB Developments announced on November 11 it has inked an agreement with Schindler to provide elevators for the new PUKKA residential project in Cairo's New Administrative Capital (NAC)....
Bucher Hydraulics Acquiring Finland’s Hydman Oy
Bucher Hydraulics, the Germany-based global provider of innovative hydraulic drive and control technology for applications including elevators, announced on November 13 it is acquiring Hydman Oy, based in Tampere, Finland....
In Memoriam: Thomas Stack
Vertical-transportation consultancy VDA, Inc., announced the passing of industry pioneer Thomas Stack in November 2024. Stack was one of VDA's original four owners following the purchase from John Van Deusen...
In Memoriam: Gelestino’s Namesake Father
Donald Gelestino, father of Champion Elevator Corp. President Donald Gelestino, passed away on November 1 at home surrounding by loved ones after a period of declining health. A native of...
Canadian Region Facing Numerous Outdated Elevator Inspections
In Newfoundland and Labrador, Canada, there are more than 500 outstanding elevator inspections that Service N.L. needs to complete, according to an access to information request filed by the Progressive...
