Mitsubishi Electric Acquires Ascension Lifts Limited
April 29, 2025
Mitsubishi Electric Corporation, via its wholly owned subsidiary Motum AB, acquired all shares of Dublin-based Ascension Lifts Limited on April 29. The purchase strengthens Mitsubishi Electric's foothold in the Irish market and expands its elevator and escalator maintenance and renewal capabilities as part of a broader European growth strategy.
- Buyers
- Mitsubishi Electric Corporation, Motum AB, Mitsubishi Electric Building Solutions Corporation
- Targets
- Ascension Lifts Limited
- Industry
- Building Products
- Location
- Dublin, Ireland
- Transaction Type
- Buyout
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