Europe
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...
Heilbronn Elevator Days Planned on March 11-12
The Heilbronn Technical Academy plans the 42nd Heilbronn Elevator Days on March 11-12 at the Harmonie congress center in Heilbronn, Germany. Over the years, the event has established itself as a meeting point...
Torremolinos Beach Elevators Soon to Charge Fee
Torremolinos City Council announced on February 12 that it will soon charge a fee to visitors, except for children, seniors and the mobility-impaired, for elevator access to the Torremolinos beach...
TKE to Showcase Energy-Efficient, Digital Solutions at MIPIM
Making its debut at MIPIM 2025, the world’s leading real estate exhibition and conference taking place in Cannes, France, on March 11-14, TK Elevator (TKE) will showcase its wide range...
TKE Reports Financial Results With Sales Gains Driven by EOX
TK Elevator (TKE) reported record financial results for fiscal year (FY) 2023/24 with EUR9.3 billion (US$9.6 billion) in sales and EUR1.5 billion (US$1.55 billion) adjusted EBITDA (earnings before interest, taxes,...
