Albert So

Dec 5, 2023 | elevatorworld.com | Albert So |Undine Stricker-Berghoff |Angie Baldwin |Madeleine Olausson

At the end of August, your author visited the Niederfinow ship lift on the Oder-Havel Canal, approximately 60 km northeast of Berlin, Germany. For safety reasons, life jackets were worn during the tour. In beautiful summer weather, the landmark could be seen towering high in the flat, sandy surrounding countryside from a distance.

Dec 5, 2023 | elevatorworld.com | Madeleine Olausson |Albert So |Undine Stricker-Berghoff |Angie Baldwin

Nearly 19,000 vertical-transportation (VT) experts from more than 110 countries attended interlift 2023 in Augsburg, Germany, on October 17-20, marking the event’s final undertaking in the Bavarian city before moving to its new home of Nuremberg, Germany, in 2025. It had been only a year and a half since interlift 2022, which was delayed six months due to the COVID-19 pandemic, but the two fairs couldn’t have been more different.

Dec 5, 2023 | elevatorworld.com | Undine Stricker-Berghoff |Hongliang Liang |Albert So |TK Elevator

As we come to the end of our year, war rages in several places on Earth. Even Earth itself seems to be upset that humans are not paying enough attention to its needs. It can be hard to be hopeful, but all around there are signals of change for the better, at least in the building industry. Europe’s construction industry will see real growth of 1.5% year-on-year during 2023 (underperforming the global construction industry), and has forecast a “modest” decline of 1% in 2024 for construction volumes.

Dec 1, 2023 | elevatorworld.com | TK Elevator |Hongliang Liang |Albert So |Ricia Sturgeon-Hendrick

Editor’s note: This article was written prior to Hamas’ attack on Israel. Known as the “Start-up Nation,” Israel has been at the forefront of technological advancement, boasting a vibrant entrepreneurial environment with innovations cutting across numerous fields such as construction, computers, material science and energy conservation. Yet, a perplexing gap emerges in the elevator sector.

Dec 1, 2023 | elevatorworld.com | Albert So |TK Elevator |Kaija Wilkinson |Madeleine Olausson

by Andrew C. Glassman and Karen P. WackermanIn recent years, we have seen significant consolidation in the elevator industry, and the purchasers are private equity groups or existing elevator companies that are protecting or expanding market share through strategic acquisitions. This provides significant opportunities for smaller, family-owned businesses looking to sell.