Mitsubishi Electric completed the acquisition of Ascension Lifts​.

Mitsubishi Electric, a company specializing in electrical and electronic equipment, completed the acquisition of Ascension Lifts, an independent Irish elevator company. Financial terms were not disclosed. Ascension Lifts, which has been operating in the Irish elevator market for many years, has excellent technical capabilities and know-how for multi-brand maintenance and renewal, as well as a strong customer network. Through this acquisition, Mitsubishi Electric and Mitsubishi Electric Building Solutions will strengthen their business base in the Irish market by expanding their business domain into maintenance and renewal, starting with the use of Ascension Lifts’s maintenance stock, and promote their strategy for expanding the elevator and escalator business in the European market.