Going Up: Otis Elevator CEO Leads the Company to Independence and Listing on the NYSE

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 Buildings may have beautiful architectural and design character yet have outdated mechanicals behind the scenes requiring
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The Otis Elevator Spinoff Deserves Attention

Stephen L Kanaval Follow | Monday, 09 December 2019 14:14 (EST) When Otis Elevator Co. spins out from United Technologies in 2020 (probably happening sometime in April 2020), it will immediately catapult into the Fortune 500 with a valuation of $29 billion, $13 billion in revenue and a 12 percent industry market share, according to Statista.
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