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Is TKE Europe set to be acquired by a private equity firm?

According to insiders, TK Elevator’s (TKE) European business is set to be sold off for the most part as part of the takeover of TKE by Kone, reported the Reuters news agency on 1 October. LIFTjournal has investigated the matter further and also asked corporate transactions expert Dr Lars Watermann for his assessment.

Photo: © Kewabo

News | September 2025

What to do when the lift is under water?

Given the current heavy rain events, lifts are repeatedly flooded. All this not only involves risks for the lift itself but possibly also for the users. What measures are advisable?

Photo: © Espros

News | September 2025

New sensor technologies cut operating costs

However, outdated sensor systems result in inefficiencies in the lift sector, which is reflected in annual maintenance costs of 20 billion USD, delays in installation, higher labour costs and inefficient energy use.

Photo: © Sherry Vasa

News | September 2025

TK Elevator appoints new Chief People Officer

TK Elevator (TKE) has a new Chief People Officer: Sherry Vasa took up the position on 14 August 2025.

Photo: © elevatec

News | September 2025

Cargo lifts now also for deployment outdoors

Elevatec’s modular cargo lifts are now available in weatherproof design for the outdoors. The company’s aim is to provide even more flexibility for efficient material transport, including outside of buildings.

Photo: © Vodafone

News | September 2025

Vodafone announces specific dates for 2G shutdown

Important news for all operators whose lifts are equipped with a 2G-based emergency call system: Following in the footsteps of Telekom, Vodafone has also decided when it will switch off its 2G network in Germany.

Photo: © Bode Components

News | September 2025

New Bode website with useful information

Düsseldorf-based Bode Components GmbH went online with a new website in June 2025. It not only provides company information but also for example a tool for calculating tripping speed.

Photo: © Kone

News | September 2025

Kone appoints Michelle Wen to Executive Board

Michelle Wen has been appointed Executive Vice President, Procurement and a member of the Kone Executive Board (EXB), effective 1 August 2025.

News | September 2025

Stockholms Hiss-Service AB becomes part of Ascenco Group

The Ascenco Group, specialised in the maintenance of critical infrastructure from Sweden, has acquired lift service companies Hiss-Service from Stockholm.

News | September 2025

Replacement for four-leaf folding landing doors in situ

The power-actuated Meiller folding landing door “Sinius” now also meets the requirements of the fire protection standard EN 81-58 E60. Sinius was developed for the 1:1 modernisation of existing four-leaf door systems in situ.

Vertical traffic flow in buildings

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Is TKE Europe set to be acquired by a private equity firm?

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What to do when the lift is under water?

New sensor technologies cut operating costs

TK Elevator appoints new Chief People Officer

Cargo lifts now also for deployment outdoors

Vodafone announces specific dates for 2G shutdown

New Bode website with useful information

Kone appoints Michelle Wen to Executive Board

Stockholms Hiss-Service AB becomes part of Ascenco Group

Replacement for four-leaf folding landing doors in situ