{"id":43317,"date":"2020-08-05T19:02:42","date_gmt":"2020-08-05T17:02:42","guid":{"rendered":"https:\/\/newserver.fyb.de\/advent-and-cinven-acquire-thyssenkrupp-elevator\/"},"modified":"2020-08-05T19:02:42","modified_gmt":"2020-08-05T17:02:42","slug":"advent-and-cinven-acquire-thyssenkrupp-elevator","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/advent-and-cinven-acquire-thyssenkrupp-elevator\/","title":{"rendered":"Advent and Cinven acquire thyssenkrupp Elevator"},"content":{"rendered":"<p>Essen\/ Frank\u00adfurt a. Main -<strong> thys\u00adsen\u00adkrupp Eleva\u00adtor<\/strong>, a leading global player in the market for eleva\u00adtors and escala\u00adtors (E&amp;E), will operate as an inde\u00adpen\u00addent company with new owner\u00adship struc\u00adtures from today. All rele\u00advant regu\u00adla\u00adtory autho\u00adri\u00adties have uncon\u00addi\u00adtio\u00adnally appro\u00adved the acqui\u00adsi\u00adtion by <strong>Advent and Cinven<\/strong>. Working with the new owners as stra\u00adte\u00adgic and finan\u00adcial part\u00adners will allow thys\u00adsen\u00adkrupp Eleva\u00adtor to conti\u00adnue its ambi\u00adtious corpo\u00adrate plans: to expand its strong market posi\u00adtion and tech\u00adno\u00adlo\u00adgi\u00adcal market leadership.<\/p>\n<p>With global opera\u00adti\u00adons and over 50,000 employees, thys\u00adsen\u00adkrupp Eleva\u00adtor gene\u00adra\u00adted earnings of around eight billion euros in fiscal year 2018\/2019. The most important busi\u00adness area is the main\u00adten\u00adance of around 1.4 million eleva\u00adtors and escala\u00adtors. This is ensu\u00adred by 24,000 service tech\u00adni\u00adci\u00adans all over the&nbsp;globe.<\/p>\n<p>The product port\u00adfo\u00adlio of thys\u00adsen\u00adkrupp Eleva\u00adtor covers a wide range \u2014 from eleva\u00adtor systems for resi\u00adden\u00adtial and commer\u00adcial proper\u00adties to tech\u00adno\u00adlo\u00adgi\u00adcally sophisti\u00adca\u00adted, tailor-made solu\u00adti\u00adons for state-of-the-art high-rise buil\u00addings such as One World Trade Center in New York. In addi\u00adtion to eleva\u00adtor systems, the port\u00adfo\u00adlio also includes escala\u00adtors and moving walks, passen\u00adger boar\u00adding bridges, stair and plat\u00adform lifts, and indi\u00advi\u00addual service models for all products. All this adds up to a compre\u00adhen\u00adsive range of products and services for a broad spec\u00adtrum of urban mobility.<\/p>\n<p>In the context of COVID-19 thys\u00adsen\u00adkrupp Eleva\u00adtor once again demons\u00adtra\u00adtes a high level of crisis resi\u00adli\u00adence. Thanks to a special focus on stable service busi\u00adness, a global presence, a dedi\u00adca\u00adted manage\u00adment team and a highly moti\u00adva\u00adted work\u00adforce, work contin\u00adued even under diffi\u00adcult condi\u00adti\u00adons. In system-rele\u00advant buil\u00addings, such as hospi\u00adtals and public faci\u00adli\u00adties, mobi\u00adlity has thus been ensured.<\/p>\n<p>The strong market posi\u00adtion of thys\u00adsen\u00adkrupp Eleva\u00adtor and its inno\u00adva\u00adtive tech\u00adno\u00adlo\u00adgies convin\u00adced Advent and Cinven. Both are fami\u00adliar with the company\u2019s rele\u00advant growth markets and have alre\u00adady successfully inves\u00adted in 130 compa\u00adnies in the indus\u00adtrial and busi\u00adness services sectors. The consor\u00adtium shares a common invest\u00adment philo\u00adso\u00adphy: sustainable further growth of leading compa\u00adnies. The focus is always on long-term value creation.<\/p>\n<p><strong>Ranjan Sen (photo), Mana\u00adging Part\u00adner and Head of Germany at Advent Inter\u00adna\u00adtio\u00adnal<\/strong>, comm\u00adents: \u201cWe are deligh\u00adted to conti\u00adnue support\u00ading thys\u00adsen\u00adkrupp Eleva\u00adtor as an inde\u00adpen\u00addent company. We see signi\u00adfi\u00adcant poten\u00adtial to further expand our market posi\u00adtion and intend to leverage our coll\u00adec\u00adtive exper\u00adtise and finan\u00adcial resour\u00adces for further sustainable growth.\u201d<\/p>\n<p><strong>Bruno Schick, Part\u00adner and Head of DACH and Emer\u00adging Europe at Cinven<\/strong>, adds: \u201cIn close part\u00adner\u00adship with manage\u00adment and employees we will further deve\u00adlop thys\u00adsen\u00adkrupp Eleva\u00adtor by inves\u00adt\u00ading in orga\u00adnic growth and targe\u00adted acqui\u00adsi\u00adti\u00adons. Our clear goal is to create resour\u00adces to further streng\u00adthen and expand thys\u00adsen\u00adkrupp Eleva\u00adtor\u2019s global presence \u2014 parti\u00adcu\u00adlarly in Asia \u2014 through addi\u00adtio\u00adnal acqui\u00adsi\u00adti\u00adons, new and energy-effi\u00adci\u00adent products, and invest\u00adment in rese\u00adarch &amp; and development.\u201d<\/p>\n<p>Follo\u00adwing the successful closing, thys\u00adsen\u00adkrupp Eleva\u00adtor will relo\u00adcate its head\u00adquar\u00adters to the vici\u00adnity of D\u00fcssel\u00addorf Airport. The move is sche\u00addu\u00adled to take place in the first quar\u00adter of&nbsp;2021.<\/p>\n<p><strong>About thys\u00adsen\u00adkrupp Eleva\u00adtor&nbsp;AG<\/strong><br>\nWith custo\u00admers in over 100 count\u00adries served by more than 50,000 employees, thys\u00adsen\u00adkrupp Eleva\u00adtor achie\u00adved sales of around \u20ac8.0 billion in fiscal year 2018\/2019. Over 1,000 loca\u00adti\u00adons around the globe form a dense sales and service network, ensu\u00adring opti\u00admum proxi\u00admity to custo\u00admers. thys\u00adsen\u00adkrupp Eleva\u00adtor has estab\u00adlished itself as one of the worl\u00add\u2019s leading eleva\u00adtor compa\u00adnies since ente\u00adring the market 40 years ago and became inde\u00adpen\u00addent in August 2020. The company\u2019s most important busi\u00adness area is the service provi\u00added by more than 24,000 tech\u00adni\u00adci\u00adans for around 1.4 million trans\u00adport solu\u00adti\u00adons world\u00adwide. The product port\u00adfo\u00adlio ranges from passen\u00adger and freight eleva\u00adtors to modern, custo\u00admi\u00adzed solu\u00adti\u00adons for modern high-rise buil\u00addings \u2014 such as the One World Trade Center in New York. In addi\u00adtion to escala\u00adtors, the port\u00adfo\u00adlio also includes moving walks, passen\u00adger boar\u00adding bridges, stair and plat\u00adform lifts, and tail\u00ado\u00adred service solu\u00adti\u00adons such as MAX, the indus\u00adtry\u2019s first predic\u00adtive main\u00adten\u00adance solu\u00adtion \u2014 cove\u00adring a broad spec\u00adtrum of urban mobility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Essen\/ Frank\u00adfurt a. Main \u2014 thys\u00adsen\u00adkrupp Eleva\u00adtor, a leading global player in the market for eleva\u00adtors and escala\u00adtors (E&amp;E), will operate as an inde\u00adpen\u00addent company with new owner\u00adship struc\u00adtures from today. All rele\u00advant regu\u00adla\u00adtory autho\u00adri\u00adties have uncon\u00addi\u00adtio\u00adnally appro\u00adved the acqui\u00adsi\u00adtion by Advent and Cinven. Working with the new owners as stra\u00adte\u00adgic and finan\u00adcial part\u00adners&nbsp;will&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":35111,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366],"tags":[],"class_list":["post-43317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","news-category-deals-news-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Advent and Cinven acquire thyssenkrupp Elevator - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/advent-and-cinven-acquire-thyssenkrupp-elevator\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Advent and Cinven acquire thyssenkrupp Elevator - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Essen\/ Frank\u00adfurt a. Main - thys\u00adsen\u00adkrupp Eleva\u00adtor, a leading global player in the market for eleva\u00adtors and escala\u00adtors (E&amp;E), will operate as an inde\u00adpen\u00addent company with new owner\u00adship struc\u00adtures from today. All rele\u00advant regu\u00adla\u00adtory autho\u00adri\u00adties have uncon\u00addi\u00adtio\u00adnally appro\u00adved the acqui\u00adsi\u00adtion by Advent and Cinven. 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Main - thys\u00adsen\u00adkrupp Eleva\u00adtor, a leading global player in the market for eleva\u00adtors and escala\u00adtors (E&amp;E), will operate as an inde\u00adpen\u00addent company with new owner\u00adship struc\u00adtures from today. All rele\u00advant regu\u00adla\u00adtory autho\u00adri\u00adties have uncon\u00addi\u00adtio\u00adnally appro\u00adved the acqui\u00adsi\u00adtion by Advent and Cinven. 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