.
MergerLinks Header Logo

New Deal


Announced

Thyssenkrupp acquired Elevator division of Nashville Machine Company.

Financials

Edit Data
Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

Acquisition

Pending

Private Equity

Production Technology Equipment

elevators

Private

Single Bidder

Synopsis

Edit

thyssenkrupp Elevator has acquired the Elevator division of Nashville Machine Company. Formerly the exclusive distributor in the Middle Tennessee area for thyssenkrupp Elevator, Nashville Machine Elevator has 130 employees, all of which will be given the opportunity to join thyssenkrupp. Financial terms were not disclosed. “As one of our most trusted distributors, Nashville Machine Elevator has consistently demonstrated an expertise and commitment to thyssenkrupp and our state-of-the-art products and technology. Their strong relationships in the Nashville area coupled with an excellent service, modernization and new installation base makes Nashville Machine and its hard-working employees a perfect fit in the growing thyssenkrupp Elevator family.” Steve Wedge, Interim CEO and CFO of thyssenkrupp Elevator North America.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US