Acquisitions
Cibes Lift Group Acquires Bella Elevator
Cibes Lift Group, headquartered in Gävle, Sweden, will strengthen its U.S. presence with the planned acquisition of Bella Elevator, LLC, manufacturer of Symmetry Elevating Solutions. The deal is set to...
Savage Wright Group Acquires PTL Equipment
Independent investor Savage Wright Group announced on May 1 it has acquired PTL Equipment, a provider of elevator and escalator fixture components to the U.S. and international markets. The acquisition...
CEDES Acquires Industrial Door Protection Specialist VITECTOR
CEDES, a global leader in elevator sensors headquartered in Switzerland, recently announced the acquisition of the VITECTOR portfolio from Netherlands-based FRABA, in turn strengthening CEDES’ position in the industrial door...
Hitachi Takes Total Holding of Elevator Company Yungtay
Tokyo-based Hitachi has all of the remaining holdings of Yungtay Engineering Co., Ltd., meaning the Taiwan-led company will engage in the manufacture, sale and service of elevators and escalators in...
TEC Elevator and 3Phase Elevator Announce Merger
TEC Elevator, Inc. (TEC) announced that it has merged with the 3Phase Elevator Corp. family of independent elevator companies, expanding the company's presence in the Philadelphia, New Jersey and Delaware...
Champion Elevator Acquires Superior Elevator Technologies
Champion Elevator, headquartered in Manhattan, NYC, with locations in Connecticut, New Jersey and Long Island, announced it has acquired Superior Elevator Technologies Corp., headquartered in the Bronx and serving the...
KLEEMANN Enters U.S. Market Through Day Elevator & Lift
KLEEMANN, a major lift manufacturer serving the global market, this month announced its entry to the U.S. market through an alliance with Day Elevator & Lift, established in 1992 and...
Cibes Lift Group Enters Agreement to Acquire Apex Lifts
Cibes Lift Group has entered an agreement to acquire Apex Lifts to strengthen their customer offering and presence in the U.K. market, Cibes announced in April. Cibes Lift Group will...
Mitsubishi Electric Acquiring Swedish Elevator Firm Motum
Mitsubishi Electric Corp. is wholly acquiring Sweden-based Motum AB, which operates an elevator and automatic door business, mainly in Sweden, the Tokyo-based company announces. Noting that it formally agreed on...
Waupaca Elevator Assets Acquired by Fox Valley Elevator
Wisconsin Elevator Co, LLC, doing business as (dba) Fox Valley Elevator, an investment affiliate of family-owned private-equity firm Gardner Standard LLC, acquired the assets of Waupaca Elevator Co., Inc., through...
