U.S.
TKE Owners Select Financial Advisors for Planned IPO
Advent International and Cinven, owners of TK Elevator (TKE) — formerly part of ThyssenKrupp AG — have selected Rothschild & Co. and Lilja & Co. as independent financial advisors for...
EW Announces 2025 Ellies Award Winners
ELEVATOR WORLD formally announces the winners and runners-up of the 2025 Ellies Awards, which, for the past eight years, has recognized North American vertical-transportation businesses that have gone above and...
TKE Owners In Talks With Banks Ahead of Possible IPO
Private equity groups Advent and Cinven are in talks with banks as they begin laying the groundwork for a public listing of TK Elevator (TKE), a move that could rank...
Montanari North America Launches Belt Gearless Series
Montanari North America, the U.S. subsidiary of Montanari Group, proudly announces the launch of its new MBA series, high-performing belted gearless for elevator modernizations and new installations across the U.S....
LIFTEX Attracts Record Numbers in 37th Year
LIFTEX, the triennial trade show run by the Lift & Escalator Industry Association (LEIA), attracted record attendance when it took place at London’s ExCeL from June 11-12, bringing together 4,400...
Otis Appoints Armas as President U.S. and Canada
Otis announced on May 7 it has appointed Joseph Armas to the new role of president, Otis U.S. and Canada, reporting directly to Otis Chair, CEO and President Judy Marks....
Partnership To Expand DOOH Advertising to Premium Locations
Captivate, a leading North American digital out of home (DOOH) video network, has partnered with London, U.K.-headquartered VIOOH, a premium DOOH supply-side platform, expanding the latter’s footprint across the U.S. and...
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....
Applications Open for NAESA Scholarships
Each year, NAESA International’s Board of Directors awards four scholarships: one in honor of Floyd J. Rommel, one in honor of Marie McDonald, one in honor of Robert S. Caporale Sr....
Nibav Lifts Introduces New Residential Elevators in U.S.
Nibav Lifts, a leading provider of home elevator solutions headquartered in India, recently introduced its high-end residential elevators to the U.S. market, City Buzz reports. The new home elevators will provide American...
