Europe
BC District Pushing for European-Style Elevators
The District of Saanich in Vancouver Island, British Columbia (BC), Canada, recently voted unanimously to send a resolution to the Union of BC Municipalities (UBCM), calling on the province to...
Spain’s MP Ascensores Secures Financing to Fuel Strategy
Financing agreements with five leading European financial institutions will allow MP Ascensores to confidently deploy its new 2025-27 Strategic Plan, the Seville, Spain-based lift manufacturer announced on June 5. Recently...
Elevating Studio and The VT Studio Join Forces
Elevating Studio, a leading global vertical-transportation (VT) consultancy based in Singapore with regional offices in Thailand, Malaysia, Australia and Finland, announced a strategic collaboration with The VT Studio, an established...
Türkiye’s AYSAD Holds 54th Ordinary General Assembly
The Elevator and Escalator Industrialists’ Association (AYSAD) of Türkiye convened its 54th Ordinary General Assembly on May 29 at the Machine Hangar Engineering and Technology Center Conference Hall in Kartal,...
Mitsubishi Electric Acquires Ireland’s Ascension Lifts
Through Stockholm, Sweden-based subsidiary Motum AB, Mitsubishi Electric Corp. acquired Dublin, Ireland-headquartered Ascension Lifts, Mitsubishi Electric announced on April 30. Mitsubishi Electric and its Tokyo-based subsidiary, Mitsubishi Electric Building Solutions...
Nidec Drives Appoints Babaud as President
Nidec Drives, with global headquarters (HQ) in Kyoto, Japan, and Americas HQ in Eden Prairie, Minnesota, recently announced it appointed Laurent Babaud as president. Based in Bois-Colombes, France, Babaud has...
TKE Considering US$22.7-Billion IPO in U.S. in 2026
Germany’s TK Elevator (TKE), the fourth-largest elevator maker in sales behind U.S.-based Otis, Switzerland’s Schindler and Finland-based KONE, is considering an initial public offering (IPO) in the U.S. in 2026, Reuters reports....
KONE To Provide Escalators for Paris Metro Extension
KONE announced on April 3 it won an order to provide at least 84 escalators for five suburban stations on line 15 West of the Grand Paris Express Metro network....
MEBS to Launch Control Renewal Menu for Elevators by Other Manufacturers
Tokyo, Japan-headquartered Mitsubishi Electric Building Solutions (MEBS) will launch a new control renewal menu on March 19 for elevators manufactured by other companies and installed in existing buildings. By developing...
Altherr Appointed New CEO at Ziehl-Abegg
Künzelsau, Germany-headquartered Ziehl-Abegg SE announced it has appointed Marco Altherr as its new chief financial officer (CFO). Ziehl-Abegg Supervisory Board Chairman Dennis Ziehl said Alterr is a "highly qualified financial...
