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Motum aquire Norwegian Elevator Distributor UNIHEIS


Mitsubishi Electric Corporation has announced that Motum AB, a Sweden-based wholly-owned subsidiary of Mitsubishi Electric, acquired Norway-based UNIHEIS AS. The company operates an elevator business mainly in Norway as a distributor of Mitsubishi Electric products.

Mitsubishi Electric and Mitsubishi Electric Building Solutions Corporation (MEBS), which is responsible for Mitsubishi Electric's building systems business, aim to expand their business in the European market, where the demand for maintenance and renewal of elevators and escalators is expected to increase.

Mitsubishi Electric identified the building systems business as one of its key growth areas in its medium-term growth plan through 2025. Accordingly, MEBS, established in April 2022 to manage Mitsubishi Electric's building systems business, is scaling up its business to supply products and services by taking advantage of its strengths, which cover all aspects of the elevator and escalator business, from manufacturing to maintenance and renewal.

Strengthening the foundation of the elevator and escalator business

UNIHEIS has been engaged in the business of sales and installation of new elevators and maintenance as a Mitsubishi Electric distributor since 1985 in the Nordic region, primarily in Norway. The acquisition of UNIHEIS and unifying UNIHEIS's management with Motum should strengthening the foundation of the elevator and escalator business in Europe.

Mitsubishi Electric and MEBS will expand their business with Motum by gaining and making optimal use of UNIHEIS's assets and expertise in installation, sales and maintenance of Mitsubishi Electric elevators, stresses the company.

More information: mitsubishielectric.com/en