Hitachi Enters the Lift Market in Europe

Deal typeTransaction Services
IndustryManufacturing & Real Estate

Hitachi, Ltd. it has entered the elevator market in Europe with the acquisition of Temple Lifts Ltd., the UK-based company which manages the sales, installation, maintenance and repair of lifts in the UK. Hitachi will expand its elevator business into the UK by using Temple's sales channel, knowledge and existing high quality technology in lift maintenance, adding Hitachi's highly efficient products.

“BDO provided invaluable support throughout the process from initial due diligence through to SPA negotiations and completion. In particular they acted as a key link in dealing with the vendors.”

Toshiyuki Ono