Acquisitions and Investments
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...
Hyundai Elevator To Participate in Paid-In Capital Increase for Subsidiary
Hyundai Elevator announced that it will participate in the paid-in capital increase of its subsidiary in Türkiye, Maeil Business Newspaper reports. Hyundai Elevator plans to invest $41 million in installments...
APi Group Aims To “Build a US$1-Billion-Plus Elevator and Escalator Services Platform”
Following the acquisition of Tampa, Florida-based Elevated Facilities Services Group, Minnesota-based APi Group Corp. plans to “build a US$1-billion elevator and escalator services platform over the long term” through organic...
Lindgren Named KONE Americas SVP — Finance
Kenneth Lindgren has been named senior vice president (SVP) — Finance, for KONE Americas, headquartered in Lisle, Illinois, KONE announced. In this role, Lindgren will lead the KONE Americas finance...
API Group Completes Acquisition of Elevated Facility Services Group
Minnesota-headquartered APi Group Corp. on June 5 announced the completion of its previously announced acquisition of Tampa, Florida-headquartered Elevated Facility Services Group for approximately US$570 million from a fund managed...
Del Monte Capital Invests in Integrity Elevator Solutions
Del Monte Capital, a private equity firm specializing in growth-oriented, lower middle-market companies, has announced its growth investment in Integrity Elevator Solutions (IES). IES has become a leading independent provider...
