Mitsubishi Electric's Swedish Subsidiary Signs a Share Transfer Agreement to Wholly Acquire Norwegian Elevator Company ALT Heis
2024年11月29日 - 5:00PM
JCN Newswire
Mitsubishi Electric Corporation (TOKYO: 6503) (hereafter,
Mitsubishi Electric) announced today that it acquired all shares of
Norwegian elevator company ALT Heis (headquartered in Bergen,
Norway) on November 29 through its wholly owned subsidiary, Motum
(headquartered in Stockholm, Sweden).
Mitsubishi Electric and Mitsubishi Electric Building Solutions
Corporation (hereafter, MEBS) are aiming to expand their elevator
maintenance business globally, and the present acquisition follows
the 2023 acquisition of UNIHEIS (headquarters: Oslo, Norway).
Through this acquisition, we will expand our maintenance business
in Norway and further strengthen our business foundation by
promoting a strategy aimed at increasing our elevator maintenance
stock in the European market, where we anticipate continued growth
in demand for maintenance and renewal.
Comments from Each Party
Tomas Knutsen, CEO of ALT Heis AS
"Our company places the highest priority on customer satisfaction
and delivering high-quality services. By joining forces with Motum
AB, we are confident that we will be able to strengthen the
business foundation we have built up over many years, further
improve the quality of our services, and provide our valued
customers with innovative solutions."
Fredrik Eliasson, CEO of Motum AB
"ALT Heis's commitment to service and customer satisfaction are in
perfect alignment with Motum's values and goals. This acquisition
will bring direct benefits to our customers as it will expand the
range of products and services we provide and strengthen the
capabilities of our group. As a multi-subsidiary group operating in
Sweden and Norway, ALT Heis joining the Motum family enable us to
serve the market as an integrated provider across a larger
geographic area."
Iwao Oda, Executive Officer, Group President, Building Systems,
Mitsubishi Electric Corporation / Representative Director,
President & CEO, Mitsubishi Electric Building Solutions
Corporation
"We have positioned the expansion and reinforcement of our European
business as one of the core strategies of our building systems
business. Following our previous acquisition of UNIHEIS, this
latest acquisition will further strengthen our position in Norway,
and we will continue to actively pursue M&A strategies with the
aim of achieving sustainable growth."
Reasons for The Acquisition of ALT Heis
In the building systems business, one of Mitsubishi Electric's key
growth businesses, MEBS, a consolidated subsidiary established in
April 2022, is engaged in providing products and services and
expanding its operations by making the most of its integrated
system, which encompasses everything from development and
manufacturing to maintenance and renewal. In the overseas elevator
business, particularly in the mature European market, demand for
maintenance and renewal is expected to grow against the backdrop of
an increasing number of aging elevators and heightened
environmental awareness, and we are in the process of building a
system that will make it possible for us to provide our customers
with value more rapidly.
Since 2019, ALT Heis has been focusing on the elevator maintenance
and renewal business in Bergen, Norway's second largest city after
Oslo. With the acquisition of ALT Heis by Motum, we will further
strengthen our business foundation while promoting a strategy of
expanding our elevator maintenance stock in Europe, with the aim of
comprehensively extending our reach throughout the main regions in
Norway where demand is concentrated.
About ALT Heis
- Name: ALT Heis AS
- Location: Bergen, Norway
- Establishment: 2019
- Employees: 25 (As of September 30, 2024)
- Business: Sales, installation, and maintenance of elevators,
primarily in Norway
About Motum
- Name: Motum AB
- Location: Stockholm, Sweden
- Establishment: 2013
- Employees: Approximately 400 (As of September 30, 2024)
- Business: Sales, installation, maintenance, and modernization of
elevators, and automatic doors, primarily in Sweden
About Mitsubishi Electric Corporation
With more than 100 years of experience in providing reliable,
high-quality products, Mitsubishi Electric Corporation (TOKYO:
6503) is a recognized world leader in the manufacture, marketing
and sales of electrical and electronic equipment used in
information processing and communications, space development and
satellite communications, consumer electronics, industrial
technology, energy, transportation and building equipment.
Mitsubishi Electric enriches society with technology in the spirit
of its "Changes for the Better." The company recorded a revenue of
5,257.9 billion yen (U.S.$ 34.8 billion*) in the fiscal year ended
March 31, 2024. For more information, please visit
www.MitsubishiElectric.com
*U.S. dollar amounts are translated from yen at the rate of
JPY151=U.S.$1, the approximate rate on the Tokyo Foreign Exchange
Market on March 31, 2024
About Mitsubishi Electric Building Solutions Corporation
Mitsubishi Electric Building Solutions Corporation is a
consolidated subsidiary of Mitsubishi Electric Corporation
established in April 2022 that conducts a comprehensive range of
operations in the building systems business, from development and
manufacturing to maintenance and renewal. As a building solutions
provider, we support the economic and social infrastructure through
one-stop integrated solutions that combine a wide range of
building-related products and services, including elevators,
escalators, air conditioning and refrigeration equipment, and
building systems, as well as with our extensive experience in
building operation and management, and advanced digital technology.
From buildings to building complexes and even entire cities, we
contribute to enriching human life in buildings and urban spaces by
solving a wide variety of issues that are closely linked to people
and society, with the ultimate aim of realizing smart cities. For
more information, please visit www.mebs.com/
Customer Inquiries
Global Business Development Group
Strategic Planning Office (LBS)
Mitsubishi Electric Corporation
Tel: +81-3-3218-2950
www.MitsubishiElectric.com/
Media Inquiries
Public Relations Division
Mitsubishi Electric Corporation
prd.gnews@nk.MitsubishiElectric.co.jp
Corporate Communications Division
Mitsubishi Electric Building Solutions Corporation
Tel: +81-3-6206-5030
a_mebs_press@meltec.co.jp
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