Author: phil kelley

Thyssenkrupp board leans toward elevator sale as funding needs grow: sources

Christoph Steitz FRANKFURT (Reuters) – The majority of Thyssenkrupp’s (TKAG.DE) management board is leaning toward a sale of its 15 billion euro ($16.5 billion) elevator division, two people familiar with the matter said, citing the conglomerate’s weakened balance sheet. Binding bids for Thyssenkrupp’s most profitable business are due by Jan. 13 and will be followed
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Aging Building Infrastructure Is One Issue Forcing Elevator Modernization Which Buildings Need to Evaluate

News provided by The Elevator Consultants Dec 18, 2019, 10:13 ET CHICAGO, Dec. 18, 2019 /PRNewswire/ — Aging infrastructure, code requirements, new trends and technology are always at the forefront for buildings especially if there are elevators, escalators or lifts. Buildings may have beautiful architectural and design character yet have outdated mechanicals behind the scenes requiring
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