thyssenkrupp Elevator Acquires Full Stake In U.S. Partner

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THYSSENKRUPP ELEVATOR ACQUIRES FULL STAKE IN U.S. PARTNER
thyssenkrupp Elevator has acquired a full stake in its joint-venture partner, Braun ThyssenKrupp Elevator, LLC, which has 68 employees and locations in Madison and Milwaukee, Wisconsin, thyssenkrupp announced on December 1. Formerly Braun Elevator, the company has provided elevator service in the area for more than 60 years. Its relationship with thyssenkrupp dates to the 1950s, when it became a distributor for Rotary Lift Co. (later Dover Elevator Co., which was purchased by thyssenkrupp Elevator in 1998). In 2005, thyssenkrupp Elevator entered into a joint venture with Braun, which became the exclusive provider of the OEM's goods and services in the Madison and Milwaukee markets while still under local ownership and management.
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