Announced
Financials
Tags
United States
Acquisition
Pending
Private Equity
Production Technology Equipment
elevators
Private
Single Bidder
Synopsis
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.
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