MVI-backed Ascenco completed the acquisition of Stockholms Hiss-Service.

MVI-backed Ascenco, a group of companies specializing in the maintenance of critical infrastructure, including elevators, industrial doors, and escalators, completed the acquisition of Stockholms Hiss-Service, an elevator service company specializing in aftermarket services. Financial terms were not disclosed. “It feels very exciting to continue the company’s journey together with Ascenco — to keep serving our customers and, alongside the other businesses within Ascenco, strengthen both our own and their offering to the market,” Håkan Johansson, Stockholms Hiss-Service CEO and Co-Founder.