Acquisitions and Investments
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...
Axxiom Elevator Completes Acquisition of Evolution Elevator
South Florida-headquartered Axxiom Elevator completed its acquisition of Evolution Elevator & Escalator Corp., based in Staten Island, NY, with offices in Fort Lauderdale, Florida, Maven Group, which facilitated the deal,...
Esse-Ti Acquires U.K.-Headquartered Syntium Lifts
Esse-Ti, part of the Innovalift Group, announced it acquired 100% shares in Kent, U.K.-headquartered Syntium Lifts, expanding its geographical reach for lifts and elevators. Syntium is a leading U.K. specialist...
DeSimone Acquires San Francisco-Based KP Elevator Consulting
DeSimone Consulting Engineering, headquartered in NYC, announced on April 2 it acquired San Francisco-based KP Elevator Consulting, part of an ongoing strategy to broaden its multi-service platform. The acquisition will...
VDA Welcomes Florida’s Compass Elevator Consulting
VDATM, headquartered in East Hanover, New Jersey, with offices across the U.S. and Canada, announced on March 12 that Florida-based Compass Elevator Consulting Group, LLC has joined VDA. Founded by...
Dallas-Based Prestige Elevator Acquires High Tech Elevator
Lift Business Advisors, Inc., announced that two Dallas-based vertical-transportation (VT) companies have joined forces with Prestige Elevator acquiring High Tech Elevator, effective February 1. Prestige Elevator President Eric Schwarzenbach described...
