Go to deals
Industrial Machinery & Components

The business of Otis Ireland has been acquired by Fain Ascensores

The business of Otis Ireland has been sold to Fain Ascensores.

Otis is the world’s leading elevator and escalator manufacturing, installation and service company. In Ireland, the Otis’ business consisted of Otis, Liffey Lifts, West of Ireland Lifts and Irish Lift Services.

Fain Ascensores is a leading Spanish lift services company with over 900 employees and operations in Spain, France, Belgium and Switzerland.

Oaklins’ team in Ireland acted as advisor to Otis in this transaction.

Service
M&A sell-side
Parties

Talk to the deal team

 Raymond  Donegan

Raymond Donegan

Managing Director
Dublin, Ireland
Oaklins IBI

Related deals

IMS Group AS has acquired Pocadel Oy
Industrial Machinery & Components

IMS Group AS has acquired Pocadel Oy

The Norwegian IMS Group AS has purchased all shares of the Finnish Sauvo-based Pocadel Oy in a transaction taking place on 29 September 2022.

Learn more
Sandvik has acquired Portugal-based Frezite
Industrial Machinery & Components

Sandvik has acquired Portugal-based Frezite

Walter, a division of Sandvik Manufacturing and Machining Solutions, has acquired Portugal-based Frezite, a family-owned polycrystalline diamond (PCD) tool manufacturer.

Learn more
Inman S.r.l. has been acquired by Marco Giovannini
Industrial Machinery & Components

Inman S.r.l. has been acquired by Marco Giovannini

Pompilio Bettinelli has sold his 50% stake in Inman S.r.l. to Marco Giovannini.

Learn more