News

Photo: © Daniel Nyman/Ascenco Group

News | January 2026

Ascenco Group expands to Norway

Ascenco Group AB (“Ascenco”) expanded its presence to Oslo, Norway by taking over Heiskompaniet AS (“Heiskompaniet”).

Photo: © KI-generiert gem. Adobe Firefly-Lizenz / okapidesign / LIFTjournal

News | January 2026

Kone acquires companies in the Munich area

ATH Aufzüge GmbH, a subsidiary of Kone headquartered in Heilbronn with a branch in Munich, acquired the elevator businesses of two medium-sized elevator companies on January 1, 2026.

Photo: © EdmoLift

News | January 2026

The EN 1570 series is expanding

EN 1570-1, Safety requirements for lifting tables – Part 1: Lifting tables serving up to two fixed landings has already been available since 1998. It has undergone continuous further development over the course of time.

Photo: © makslab/123RF.com

News | January 2026

Schindler Switzerland acquires Swiss SME

Schindler subsidiary AS Aufzüge has acquired a Swiss lift company.

Photo: © Pace Group, Konstantin32/123RF.com

News | January 2026

Further acquisitions by the Pace Group

The British Pace Holding announced another acquisition. Exel Elevator, The Lift Company and D.J. Lift Services are now part of the group of medium-sized lift companies. Further acquisitions are to follow.

Photo: © A.S.T. Aufzüge & Service Thieme Silex GmbH

News | January 2026

A.S.T. Aufzüge & Service Thieme Silex becomes new member of AVD

Shortly before Christmas, Schindler Germany announced another acquisition. Since 1 January 2026, a lift manufacturer from Saxony has been part of the German Lift Association (AVD).

Photo: © Schindler Deutschland

News | January 2026

Why are more and more medium-sized companies selling their business?

In Germany, there is currently a rise in the number of medium-sized lift manufacturers being taken over by large corporations. Are medium-sized companies under acute threat? What are the reasons? Why are such high sums being paid?