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February 10, 2016 5:49 PM ET


Company Overview of ThyssenKrupp Elevator AG

Company Overview

ThyssenKrupp Elevator AG, through its subsidiaries, manufactures elevators. Its elevators include passenger, bed, and freight elevators. The company also provides escalators and moving walks, such as department stores, train stations, modern soccer arenas, luxury casinos, office complexes, and airports. In addition, it offers passenger boarding bridges for airports. Further, the company provides access solutions, including elevator cover chairs, platform lifts, and home elevators; service lifts used in wind power generators. The company sells its products through a distribution network globally. ThyssenKrupp Elevator AG was formerly known as Eggers-Kehrhahn GmbH. The company was founded in 2...

ThyssenKrupp Allee 1

Essen,  45143


Founded in 2001


49 201 844 533425


49 201 844 562058

Key Executives for ThyssenKrupp Elevator AG

Chairman of Executive Board and Chief Executive Officer
Chief Financial Officer and Member of Executive Board
Age: 44
Chief Executive Officer of Southern Europe, Africa & Middle East
President-North American Field Operations
Head of Media Relations
Compensation as of Fiscal Year 2015.

ThyssenKrupp Elevator AG Key Developments

ThyssenKrupp Premieres MULTI - First Rope-Less Elevator System

ThyssenKrupp unveiled a fully-functional 1:3 scale model at its Innovation Center in Gijón, Spain. The MULTI system uses linear motors instead of ropes, enabling horizontal movement and transforming conventional elevator transportation into vertical metro systems. MULTI elevator technology increases transport capacities and efficiency while reducing the elevator footprint and peak loads from the power supply in buildings. This first scale model, with two 10 metre shafts and four cabs, applies linear motor technology based on the magnetic levitation train Transrapid. With no cables at all and multiple cabins per shaft, MULTI will transform how people move inside buildings. This latest ThyssenKrupp innovation follows the recently introduced ACCEL system, which also applies the same linear motor technology and is transforming mobility between short distances in cities and airports.

ThyssenKrupp Launches MAX

ThyssenKrupp Elevator launches MAX, a game-changing predictive and pre-emptive service solution that extends remote monitoring capabilities to dramatically increase current availability levels of existing and new elevators. Leveraging the power of Microsoft Azure Internet of Things (IoT) technology, MAX makes it possible for an elevator to "tell" service technicians its real needs, including real-time identification of repairs, component replacements, and proactive system maintenance.

ThyssenKrupp Elevator Announces New Facility in India

ThyssenKrupp Elevator has lift-off on a new facility in India, where it will invest €44 million in a 20,000 sq.m. multi-purpose elevator manufacturing facility in the Chakan Industrial Area in Pune, Maharashtra. ThyssenKrupp Elevator aims to complete the new facility in Pune in 2017 and achieve 95% manufacturing localization in the next 3 to 4 years. The facility's initial capacity of 6,000 units per year will be extended to 10,000 units per year in fiscial year 2019 - 2020.

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