Acquisition of Edmonds Elevator, Inc. in USA

ThyssenKrupp Elevator has acquired all assets of Cleveland, Ohio-based Edmonds Elevator, Inc. The US company, founded in 1875, provides elevator maintenance, repair and modernization services.

“The acquisition continues our international growth strategy and strengthens our service business in the USA,” said Andreas Schierenbeck, CEO of ThyssenKrupp Elevator AG. “Edmonds Elevator has an excellent reputation with its customers. Its strong local presence provides a solid platform from which to intensify our activities in the region in the future.”

ThyssenKrupp Elevator has been pressing ahead with acquisitions of established small and medium-size elevator companies in the USA for several years – including United Elevator Company in Philadelphia and General Elevator in Orlando – to support ThyssenKrupp’s strategic development and expand its technology business.

The Elevator Technology business area brings together the ThyssenKrupp Group’s global activities in passenger transportation systems. With sales of 5.7 billion euros in fiscal 2011/2012 and customers in 150 countries, ThyssenKrupp Elevator is one of the world’s leading elevator companies. The company with more than 47,000 highly skilled employees supplies innovative and energy-efficient products tailored to specific customer requirements. Its portfolio includes passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts as well as tailored service solutions for all products. 900 locations around the world provide an extensive sales and service network to guarantee closeness to customers.