Mitsubishi Electric Acquires AG MELCO Elevator
November 21, 2025
Mitsubishi Electric Corporation has completed the acquisition of all shares of AG MELCO Elevator Co. L.L.C., a Dubai-based elevator company, from Rawafed Almustaqbal Group L.L.C., a subsidiary of Al Ghurair Investment L.L.C. The transaction makes AG MELCO a wholly owned Mitsubishi Electric subsidiary and is intended to strengthen Mitsubishi's elevator maintenance and renewal operations in the Middle East and support its global building systems business.
- Buyers
- Mitsubishi Electric Corporation, Mitsubishi Electric Building Solutions Corporation
- Targets
- AG MELCO Elevator Co. L.L.C.
- Sellers
- Rawafed Almustaqbal Group L.L.C., Al Ghurair Investment L.L.C.
- Industry
- Industrial Services
- Location
- Dubai, United Arab Emirates
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Mitsubishi Electric to Wholly Acquire MEDCOM
August 7, 2026
Industrial Services
Mitsubishi Electric agreed to acquire the remaining shares of Polish rail electrical equipment manufacturer MEDCOM, bringing MEDCOM fully under Mitsubishi Electric Group ownership. The transaction is expected to close in the first half of Mitsubishi Electric’s fiscal year ending March 2027, subject to regulatory approvals.
-
Mitsubishi Electric Acquires Infinity Lifts Limited
April 1, 2026
Industrial Services
Mitsubishi Electric Corporation has agreed to wholly acquire the shares of Irish elevator company Infinity Lifts Limited, based in Ennis, with an expected completion in the first half of 2026 subject to regulatory approvals and other closing conditions. The acquisition is intended to strengthen Mitsubishi Electric’s Irish market presence and support broader elevator and escalator expansion across Europe, building on its existing multi-brand maintenance and renewal activities.
-
American Elevator Group Acquires Mid‑America Elevator
January 1, 2026
Industrial Services
American Elevator Group (AEG) has merged with Mid‑America Elevator, a long‑standing Indianapolis-based provider of elevator maintenance, repair and modernization services. Maven Group advised Mid‑America; terms were not disclosed. The transaction brings Mid‑America into AEG’s national platform to expand capabilities, access advanced technologies and accelerate growth in Indiana while preserving local leadership and the Mid‑America brand.
-
Mitsubishi Electric (MEHITS) Acquires Stake in Intramech Pty Ltd
October 27, 2025
Industrial Services
Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. (MEHITS), a wholly owned subsidiary of Mitsubishi Electric Corporation, has acquired a stake in Intramech Pty Ltd., a South African sales and services company specializing in applied HVAC and IT cooling systems. The investment aims to deepen local sales, service and engineering capabilities and strengthen Mitsubishi Electric's presence and one-stop service offering across southern Africa, particularly for growing data center cooling demand.
-
Mitsubishi Electric Acquires Ascension Lifts Limited
April 29, 2025
Building Products
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.
-
American Elevator Group Acquires Madden Elevator
August 3, 2022
Building Products
American Elevator Group (AEG) has acquired Madden Elevator, a Louisville-based elevator service provider, expanding AEG’s service footprint across Kentucky and southern Indiana. The deal, facilitated by Maven Group, adds Madden’s maintenance, repair and modernization capabilities to AEG’s national platform (AEG is backed by Arcline Investment Management).
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.