Acquisitions
TKE Expands Sweden Footprint With Another Acquisition
Following the purchase of Sdiptech's elevator operations in Sweden last year, TK Elevator (TKE) plans to acquire Nordic Lift from Pegroco Invest, TKE announced on July 21. Focusing on the...
Liftinstituut Expands Into Spain With Acquisition
Liftinstituut has entered the Spanish market with the acquisition of Iseval Grupo, headquartered in Valencia, with the company joining the international network on July 12. The move follows the expansion...
Alimak to Acquire Longtime Canada-Based Construction Customer
Stockholm, Sweden-based Alimak Group, a rack-and-pinion construction elevator specialist, announced on July 18 an agreement to acquire 100% of the shares of Burnaby, Canada-based Tall Crane Equipment Ltd., which has...
Interstate Elevator Merged Into MEI-Total Elevator Solutions
Topeka, Kansas-based Interstate Elevator, Inc., has been merged into MEI-Total Elevator Solutions, headquartered in Mankato, Minnesota, Lift Business Advisors owner/director Jeff Eaton announced in July. Lift Business Advisors acted as...
Element Elevators Acquires Toronto-Based Vertex Industries
Element Elevators Inc., headquartered in Richmond Hill, Ontario, acquired longtime Toronto-based elevator service and manufacturing company Vertex Industries Inc., Element announced on July 12. Vertex's elevator service division and technicians...
Ontario’s ATTA Elevators Expands into B.C. With Acquisition
ATTA Elevators, headquartered in Concord, Ontario, Canada, has expanded into British Columbia with the acquisition of Metro Elevator, based in Vancouver, ATTA announced on June 28. Metro will become a...
ESI Acquires Grand Rapids-Based Van Duinen Elevator
With financial backing from Carroll Capital, Elevator Service Inc. (ESI) has acquired Van Duinen Elevator Co., a provider since 1972 of elevator maintenance, repair and modernization based in Grand Rapids,...
IGV Group and AGS, Both of Italy, Join Forces
Milan, Italy-based lift company IGV Group SpA has received an investment from Advanced Global Solutions SpA (AGS), an Italian company focused on innovation and sustainability, IGV recently announced. AGS has...
SES Acquires McIntosh Industries Inc.
Memphis, Tennessee-based Standard Elevator Systems (SES), which manufactures and provides products and solutions for elevators, escalators and moving walks, announced on June 23 it has acquired McIntosh Industries Inc., a...
Acquisition Expands Schindler Canada’s Atlantic Region Presence
Schindler Elevator Corp. (Canada) has acquired Ascension Elevating Devices Ltd. (AED), based near Saint John, New Brunswick, expanding Schindler Canada's presence in the country's Atlantic region and laying the groundwork...
