Acquisitions
TÜV Rheinland to Acquire ABB U.K.’s Engineering Consultancy
TÜV Rheinland, which offers test technical systems and products around the world, recently announced an agreement to acquire ABB U.K.’s technical engineering consultancy, part of ABB’s Energy Industries division. Expected...
Fujitec Acquires Mexico’s EEVI
Fujitec Co., Ltd. announced on December 16 it has acquired 85% of the shares of Tijuana, Mexico-headquartered Elevadores EV International, S.A. de C.V. (EEVI). EEVI, Fujitec observed, "has rich experience...
ESI Expands With Launch of Twin Cities Elevator in Minnesota
Grand Rapids, Michigan-headquartered Elevator Service LLC (ESI) announced on November 10 it has expanded into the Minneapolis/St. Paul, Minnesota, market with the launch of Twin Cities Elevator, marking ESI's fifth...
3Phase Elevator Announces Merger with Elevator Industries
3Phase Elevator, a leading independent elevator and escalator services provider, recently announced that it has merged with Elevator Industries, a market leader in the Sacramento, California, area that provides maintenance,...
Hyperion Solutions Announces Acquisition of Titan Machine Corp.
Hyperion Solutions, a premier integrated provider of systems and components, digital solutions and technical services for the vertical transportation industry, has confirmed the acquisition of Titan Machine Corp. Since 1973,...
Kings III Acquired by Arcline Investment Management
Kings III, a Coppell, Texas-based provider of emergency monitoring solutions for elevator and other systems across North America, has been acquired by Arcline Investment Management, a private equity firm with...
3Phase Elevator Merges With KOCH Elevator
3Phase Elevator, headquartered in Canton, Massachusetts, has merged with KOCH Elevator, a provider of maintenance, repair, modernization and testing services for all types and brands of vertical-transportation equipment in the...
Louisville-Based Madden Elevator Joins AEG
American Elevator Group (AEG), one of the fastest-growing groups of elevator providers in the U.S., confirmed its acquisition of Louisville, Kentucky-based Madden Elevator today. Maven Group facilitated the transaction on...
Otis Sells Russia Business Unit to Russian Company
As the war in Ukraine continues, Otis announced in July on the company website that it sold its operations in Russia to Ice Development, a company based in Russia, CT...
3Phase and Next Level Elevator Announce Merger
3Phase Elevator and Next Level Elevator, an independent provider of vertical-transportation system maintenance, repair, modernization and testing in the Los Angeles market, announced a merger on July 28, strengthening 3Phase's...
