Elevators
Violations To Be Issued in NYC for Failure To File Elevator Reports
The NYC Department of Buildings (DOB) announced in late August it will issue violations in September and October 2025 for failure to file Category 1 elevator test and periodic inspection...
India’s L.T. Elevator Planning Upcoming IPO
L.T. Elevator Ltd., a prominent player in India’s vertical-transportation industry specializing in the design and manufacture of elevators, escalators and related components, is preparing to launch an initial public offering...
Axxiom Elevator Acquires Ameritex in Texas and California
Axxiom Elevator recently completed the acquisition of AmeriTex Elevator, Inc., in Texas and California, Lift Business Advisors announced. Lift Business Advisors served as M&A advisor to AmeriTex, while Donahue Fitzgerald...
Middle East’s Al-Futtaim Partners With Hyundai Elevators
Al-Futtaim Contracting, a division of Al-Futtaim Real Estate in the U.A.E., Saudi Arabia, Qatar and Egypt, on September 9 announced an exclusive partnership with South Korea's Hyundai Elevator to "deliver...
Excalibur Elevator Notes Early Success
Excalibur Elevator LLC, a provider of commercial and residential elevator services that launched in March, announced it has already secured multiple modernization contracts and dozens of maintenance agreements across the...
U.K.’s ILE Celebrates 50 Years in Business
On September 4, U.K.-based International Lift Equipment (ILE) marked a remarkable milestone, 50 years of business, with a customer appreciation event held at a rooftop bar in the heart of...
India’s TEA Calls for Reduced GST on Elevators
India’s Telangana Elevator Association (TEA) has appealed to the Central government to reconsider the existing 18% Goods and Services Tax (GST) on elevators, stressing that a reduction would positively impact...
Champion Elevator Announces Executive Leadership Changes
On September 5, NYC-based Champion Elevator announced executive leadership changes designed to honor its entrepreneurial roots and strengthen its foundation for future growth. After 10 years, founder Don Gelestino has...
NYC MTA Opens Two Elevators at Bronx Subway Station
The NYC Metropolitan Transportation Authority (MTA) announced on September 3 the completion of two Otis elevators at the Mosholu Parkway subway station. The elevators make the station Americans with Disabilities...
Otis Receives Safety Award From Singapore Metro Network
Otis has received a 2025 SMRT Contractors' Safety Award for upholding the highest standards in health and safety and service management across Singapore's SMRT rail network. Otis was the only...
