Acquisitions and Investments
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...
Mitsubishi Electric Acquires Norway’s ALT Heis
Through wholly owned Swedish subsidiary Motum, Tokyo-based Mitsubishi Electric Corp. acquired all shares of Norwegian elevator company ALT Heis, Mitsubishi Electric announced on November 29. The move follows the 2023...
Gupta Steps Away From Arkel India MD Role
Arkel Electronic India Pvt. Ltd., a leading company in the elevator control systems and components industry, has announced the departure of Anurag Gupta, who has stepped down from the role...
Seattle-Based Elevator Consulting Services Joins VDA
Vertical-transportation (VT) consultancy VDA, Inc., headquartered in East Hanover, New Jersey, announced on November 11 that Elevator Consulting Services, Inc., (ECS), based in Seattle with offices in Portland, Oregon, and...
Apex Elevator Inspection & Testing Joins VDA
APEX Elevator Inspection & Testing, LLC, headquartered in Collegeville, Pennsylvania, and mainly serving Pennsylvania and Delaware, has joined VDA, Inc., Hanover, New Jersey-based VDA announced on July 16. Founded to...
VDA Acquires Canada’s GUNN Consultants
East Hanover, New Jersey-headquartered VDA, Inc. announced on July 9 it has acquired Canada-based vertical-transportation (VT) consultancy GUNN Consultants. GUNN was founded in 1983 as an engineering consulting firm specializing...
