Who bought Thyssen elevator?
Who bought Thyssen elevator?
Advent International
Frankfurt/Essen, July 31, 2020 – International private equity firms Advent International (“Advent”) and Cinven (together the “Consortium”) have completed the acquisition of thyssenkrupp’s Elevator Technology business (“thyssenkrupp Elevator” or the “Group”) from thyssenkrupp AG (the “Transaction”).
Where is thyssenkrupp headquarters?
Essen, Germanythyssenkrupp / Headquarters
Is Kone elevator buying thyssenkrupp?
Finnish elevator manufacturer Kone has decided to withdraw from discussions with thyssenkrupp to acquire their Elevator Technology business.
Why is thyssenkrupp selling its elevator business?
The group had signed an agreement with the consortium of equity firms on the purchase of the elevator business in February 2020, as a restructuring strategy to reduce debt to the net cash position and improve the balance sheet ratios. “Thyssenkrupp will be able to considerably reduce past balance sheet burdens.
What will advent do with Cobham?
Cobham was bought out by US private equity firm Advent a year ago, prompting fears it would be split up. Engineering firm Eaton today announced that it would buy Cobham’s air-to-air refueling arm for $2.8bn (£2bn). The deal values Cobham Mission Systems at about 14 times its 2020 earnings.
Is thyssenkrupp a German company?
ThyssenKrupp AG, leading German metals, engineering, and manufacturing company founded in 1999 through the merger of Krupp (Fried. Krupp AG Hoesch-Krupp) and Thyssen (Thyssen Industrie AG).
Who bought Dover elevator?
Thyssen
LONDON (CNNfn) – Shares in German steel and engineering group Thyssen got a lift Monday when it announced a $1.1 billion deal to buy Dover Corp.’s elevator business. In Frankfurt Thyssen (FTHY) shares jumped more than 2 percent to 303 marks when the deal was announced.
Why did Advent buy Cobham?
“Cobham has leading positions in a number of attractive technology markets, with capabilities and know-how that are well aligned with our customers’ priorities,” said Jamie Pike, chairman of the Cobham board.