Acquisitions and Investments
Otis UK Sells Liftec Express to Rcapital Partners
Otis UK announced on June 2 the sale of its 100% shareholding in Liftec Express Ltd. to Rcapital Partners LLP. DC Advisory advised Otis on the transaction, the terms of...
Spain’s MP Ascensores Secures Financing to Fuel Strategy
Financing agreements with five leading European financial institutions will allow MP Ascensores to confidently deploy its new 2025-27 Strategic Plan, the Seville, Spain-based lift manufacturer announced on June 5. Recently...
ESI Acquires Oklahoma-Based American Elevator
Elevator Service Inc. (ESI), a leading provider of elevator maintenance, modernization and repair throughout the U.S., on June 2 announced the acquisition of Oklahoma City, Oklahoma-based American Elevator. With established...
Deltron Acquires Three Companies
The Dudley, U.K.-based Deltron Group, which services elevators, platform lifts, and stairlifts to enhance safety, performance and longevity, has acquired Abacus Elevators (Liverpool), Total Lift Care (Lancashire) and Bourne Lifts...
Savaria Acquires Western Elevator
Savaria Corp., a global leader in the accessibility industry, has announced the acquisition of Western Elevator Ltd., a premier home elevator and lift dealer based in Coquitlam, British Columbia, Canada....
MEI Acquires Archi-Tread
Minnesota Elevator, Inc. (MEI), a Mankato, Minnesota-based manufacturer of custom-engineered, made-to-order elevator packages, announced its acquisition of Archi-Tread, Inc., founded in 2014 by Scott Akin, on April 30. Archi-Tread offers...
Mitsubishi Electric Acquires Ireland’s Ascension Lifts
Through Stockholm, Sweden-based subsidiary Motum AB, Mitsubishi Electric Corp. acquired Dublin, Ireland-headquartered Ascension Lifts, Mitsubishi Electric announced on April 30. Mitsubishi Electric and its Tokyo-based subsidiary, Mitsubishi Electric Building Solutions...
India’s CCI Greenlights ATC’s Stake in TKE and Saudi JV
The Competition Commission of India (CCI), India's antitrust watchdog, has approved Alat Technology Co. (ATC) acquiring a minority stake in TK Elevator (TKE) and a forming a joint venture (JV)...
Otis Acquires Eight Urban Elevator Locations
Otis acquired eight Urban Elevator Service locations in the U.S., Maven Group, which served as financial advisor to Urban Elevator, announced on April 21. All eight locations will be under...
Express Elevator Acquires Ascend Elevator
Express Elevator has announced the acquisition of Ascend Elevator, an independent elevator service provider based in Brown Deer, Wisconsin. This strategic acquisition strengthens the company’s presence in the Milwaukee area. Express...
