Press release
ThyssenKrupp Elevator strengthens market position in India
ThyssenKrupp Elevator (India)PRESS RELEASE
ThyssenKrupp Elevator strengthens market position in India
New Joint Venture with Eros Elevators & Escalators Private Limited
January 31, 2012- With rapid growth in the diversity and size of the Indian realty market, customers are increasingly seeking complete solutions from reliable providers of elevators and escalators.
In order to address this need, ThyssenKrupp Elevator (India) Pvt. Ltd. has formed a joint venture with Eros Elevators & Escalators Pvt. Ltd. (Eros), a company established in 1946 and headquartered in Mumbai, by acquiring 25.1% of its shares.
ThyssenKrupp Elevator’s mid to high-end products and national network, combined with Eros’ economical, high quality elevators for the fast growing industrial and affordable housing segments, will provide customers across India a dependable source of complete elevator and escalator solutions.
Photo: (Copyrights of ThyssenKrupp Elevator)
(Middle): Mr. Peter Walker (CEO, ThyssenKrupp Elevator Asia Pacific),
(Left and right): Mr. Rushad D. Divecha & Mr. Karl D. Divecha (both hold the title of CEO, Eros Elevators & Escalators Pvt. Ltd.)
The Elevator Technology business area brings together the ThyssenKrupp Group's global activities in passenger transportation systems. With more than 46,000 employees, sales of 5.3 billion euros in fiscal 2010/2011 and customers in 150 countries, ThyssenKrupp Elevator is one of the world's leading elevator companies. The company's portfolio includes passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts as well as tailored service solutions for all products. 900 locations around the world provide an extensive sales and service network to guarantee closeness to customers. ThyssenKrupp Elevator (Asia/Pacific) is active in the Asia Pacific market with a dense network of branches and offices offering new installation, modernization and service business for the complete product range.
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Vignesh nair 9930375203 vignesh@mutualpr.com
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