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Daily press, 2011-09-13, 09:00 AM

ThyssenKrupp Elevator strengthens market position in North America

ThyssenKrupp Elevator has acquired all shares in the US company General Elevator Sales and Service, Inc. (GESS). GESS is one of the largest elevator service, maintenance and modernization providers in the state of Florida, where it has been in operation for over 40 years. The company is headquartered in Orlando and has branches in Tampa/Clearwater, Ft. Meyers/Naples, Jacksonville, Daytona Beach and Boca Raton.

In May 2011 ThyssenKrupp AG decided on an integrated strategic development program to move the Group forward competitively and sustainably. Achieving growth is one of the aims of this program. In this context the acquisition is an important step toward systematically expanding the company’s technology business.

“The acquisition of General Elevator Sales and Service will further consolidate our strong position in the North American market and is a logical continuation of our growth strategy,” said Dr. Olaf Berlien, Executive Board Chairman of ThyssenKrupp Elevator AG. “General Elevator Sales and Service has an excellent reputation in the region. We are delighted to be strengthening our portfolio through the addition of this company.”