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Company News, 2011-10-05, 11:00 AM

USA: ThyssenKrupp Elevator further consolidates its market position

ThyssenKrupp Elevator has acquired all assets in the United Elevator Company, Inc., located in Philadelphia, Pennsylvania (USA). The company, which has been successfully in operation for over 50 years on the East Coast of the United States, focuses on maintenance, repair and modernization of elevators. In addition to its corporate offices in Philadelphia, United Elevator Co. has branches in Atlantic City (New Jersey) and Wilmington (Delaware).

In line with the integrated strategic development program decided by ThyssenKrupp AG in May 2011, this acquisition is a further important step toward systematically expanding the company’s technology business. “Strengthening our position in the North American market is one of our main targets. United Elevator is a well established service company with a solid presence in Pennsylvania and perfectly fits into our growth strategy”, said Dr. Olaf Berlien, Executive Board Chairman of ThyssenKrupp Elevator AG. Only a few weeks ago ThyssenKrupp Elevator announced the acquisition of General Elevator Sales and Service, another excellent service provider in the state of Florida.

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