Mitsubishi Electric
Mitsubishi Electric Acquires Norway’s ALT Heis
Through wholly owned Swedish subsidiary Motum, Tokyo-based Mitsubishi Electric Corp. acquired all shares of Norwegian elevator company ALT Heis, Mitsubishi Electric announced on November 29. The move follows the 2023...
Japanese OEM Fujitec Exploring Sale to Private Equity
Japanese OEM Fujitec is in talks with private equity groups, including Sweden’s EQT, about a potential sale of its approximately US$2.1-billion elevator and escalator business, the Financial Times reports. The...
MJEE To Provide 55 VT Units to New Indonesia Captial
PT Mitsubishi Jaya Elevator and Escalator (MJEE), the Indonesian division of Mitsubishi Electric Building Solutions Corp., has been selected to provide 55 vertical-transportation (VT) units — 33 elevators and 22...
Longtime Elevator Professional Releases Motivational Book in India
Vivek Puranik, a U.S.-based author who has more than 27 years’ experience in the elevator industry, has released the book “Feathers On My Wings” in India, geared toward “preparing young...
Mitsubishi Elevator Thailand Highlights Human-AI Collaboration
In Property Forum Thailand, Mitsubishi Elevator (Thailand) Co., Ltd., recently highlighted how it invests in both human expertise and artificial intelligence (AI) to optimize vertical-transportation (VT) equipment performance. Complementing Mitsubishi...
VT Companies Named to World’s Best Employers List
Forbes recently released its seventh annual list of the World’s Best Employers, and a number of vertical-transportation (VT) companies made the list including Otis, Schindler, Mitsubishi Electric and KONE. The...
Mitsubishi Elevators for Fulton Market Mixed-Use Development
The Dylan, a mixed-use development at 160 North Morgan Street in the Fulton Market District of Chicago, is moving towards completion, Chicago YIMBY reports. The source notes that final façade...
Relay Robotics Debuts Upgraded Elevator-Integrated Delivery Robot in Manhattan
During the 45th annual NYU International Hospitality Industry Investment Conference in Manhattan on June 4-6, Relay Robotics, Inc. introduced its Relay2 hotel delivery robot, featuring upgraded cloud-based elevator integration, two...
Tokyo-based MELCO Invests in Canadian Robotics Company
Tokyo-headquartered Mitsubishi Electric Corp. (MELCO) on May 12 announced a strategic investment in Clearpath Robotics, a Canadian company that develops and sells autonomous mobile robots (AMR). The move is part...
Mitsubishi Electric Swedish Subsidiary Motum To Acquire Norway’s UNIHEIS
Motum AB, a Sweden-based subsidiary of Mitsubishi Electric Corp., has formally agreed to acquire Norway-based UNIHEIS AS, which has been selling and installing new elevators and providing maintenance as a...
