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.
Talk to the deal team
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
Sjørring Maskinfabrik has been sold to Terratech Group
Dansk Ejerkapital (largest shareholder) and the remaining shareholders of Sjørring Maskinfabrik A/S (Sjørring) have sold the company to Terratech Group.Learn more
Jiangsu Huineng Electric has formed a joint venture with Eaton
The shareholders of Jiangsu Huineng Electric Co., Ltd. (Jiangsu Huineng) have sold a 50% equity stake of the company to Eaton Corporation (Eaton), promoting yet another strategic cooperation and further consolidation in China’s electrical equipment sector, after helping Huanyu Group to obtain strategic investment from Eaton in 2021.Learn more