Elevator merger lifts local group

LOCAL lift installation and maintenance company Elevator Technologies Australia has merged with German multinational ThyssenKrupp Elevator.

The move effectively doubles the size of both companies and allows Thyssen, which has stayed in the lift service area in WA, to enter into the installation market.

Before the merger Thyssen had about 220 lifts under service contract and ETA had about 112.

ETA head Malcolm Ward, who is staying with the business, said his company had grown to a stage where it needed the support of a larger company.

Thyssen State manager Martin Doyle said Thyssen had only been in the WA market for about five years.

“Our first client was the Duxton and now, with the merger, we’ll have more than 300 lifts under contract,” he said.

The WA lift market has four players – Thyssen, Otis, Kone and Schindler.

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