M&A Deal Summary

ThyssenKrupp Elevator Acquires Winnipeg Elevator Group

On July 7, 2020, ThyssenKrupp Elevator acquired machinery company Winnipeg Elevator Group

Acquisition Highlights
  • This is ThyssenKrupp Elevator’s 1st transaction in the Machinery sector.
  • This is ThyssenKrupp Elevator’s 1st transaction in Canada.
  • This is ThyssenKrupp Elevator’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2020-07-07
Target Winnipeg Elevator Group
Sector Machinery
Buyer(s) ThyssenKrupp Elevator
Deal Type Add-on Acquisition

Target

Winnipeg Elevator Group

Winnipeg, Manitoba, Canada
Winnipeg Elevator Group is a service provider in the Winnipeg area for more than 50 years. WEG maintains approximately 1,000 elevators, stairlifts, escalators and dumbwaiters in the region, while also boasting a strong presence in the modernization segment, as well.

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Buyer(S) 1

Buyer

ThyssenKrupp Elevator

Scarborough, Ontario, Canada
Category Company
Sector Machinery
DESCRIPTION

ThyssenKrupp Elevator (Canada) Ltd. is an elevator company that designs, builds, installs, upgrades, and maintains smart and innovative mobility systems for a wide variety of applications. It supports customers around the world throughout their project lifecycle, from the design through to the end-of-life phase.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Manitoba) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Mergr

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