Category: Business

Kone explores partnership to bid for Thyssenkrupp elevator business: sources

Kone explores partnership to bid for Thyssenkrupp elevator business: sources Christoph Steitz, Edward Taylor, Tom Käckenhoff, Arno Schuetze 4 Min Read FRANKFURT/DUESSELDORF, Germany (Reuters) – Finland’s Kone (KNEBV.HE) is considering teaming up with a private equity partner to bid for Thyssenkrupp’s (TKAG.DE) elevator business, three people familiar with the matter said. Kone has long been
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Thyssenkrupp CEO Prefers Minority Sale for Elevator Unit

By Aaron Kirchfeld, William Wilkes, and Eyk Henning, ‎September‎ ‎6‎, ‎2019‎ ‎1‎:‎02‎ ‎PM‎ ‎PDT Sale of 49% to buyout firm would raise cash, avoid antitrust Rival Kone continues pursuit of 15 billion-euro division Thyssenkrupp AG Chief Executive Officer Guido Kerkhoff has signaled to private equity suitors he prefers selling only a minority stake in its
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Elevator Death Brings Call for Licensing of Mechanics

Kips Bay, Manhattan Many co-op and condo boards are scrambling to meet the deadline to install electronic door-lock monitorsin their elevators by the end of the year. They will also have to install an emergency brake by January 1, 2027.  But a tragic accident last week has brought urgent calls for even more safety regulations on the city’s 84,000 elevators, the New
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These Buildings Have The Most Broken Elevator Complaints In NYC

BY BEN YAKASAUG. 23, 2019 4:22 P.M. • 20 COMMENTS On Thursday, a 30-year-old man was killed when he was crushed by a malfunctioning elevator in his apartment building in Kips Bay. It has since come out that tenants around that building, the Manhattan Promenade, had long complained about issues with their elevators—and the city’s Department of Buildings had fined it multiple times
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Cuomo still hasn’t signed bill expanding elevator safety

By Julia Marsh and Aaron Feis August 25, 2019 | 9:22pm Andrew Cuomo / Dennis A. Clark Gov. Andrew Cuomo must sign an elevator-safety bill on the heels of a Manhattan man’s freak-accident crushing death on Thursday, lawmakers demanded Sunday. Elevator maintenance workers are responsible for the safety of countless New Yorkers as they whiz sometimes hundreds of feet up and down
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NEII Releases Elevator & Escalator Industry Cybersecurity Best Practices Business Wire

Business WireAugust 22, 2019 CENTREVILLE, Va.–(BUSINESS WIRE)– The National Elevator Industry, Inc. (NEII), the premier trade association for the building transportation industry in North America, has released the Elevator & Escalator Industry Cybersecurity Best Practices – a guideline for the industry developed by cybersecurity and codes experts from NEII member companies. The best practices were developed by experienced
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Bidders keen on elevator unit: Thyssenkrupp CEO in Spiegel

DEALSAUGUST 16, 2019 / 9:07 AM / UPDATED 3 HOURS AGO FRANKFURT (Reuters) – Possible bidders for Thyssenkrupp’s (TKAG.DE) elevator division are under pressure to come up with firm offers, the conglomerate’s chief executive told German magazine Der Spiegel. “Strategic investors and private equity will miss out at first if a listing happens,” Guido Kerkhoff
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