Milan, 22 July, 2020 - Prysmian Group (BIT: PRY), world leader in the energy and telecom cable systems industry, today announces that it has entered into an agreement to acquire 100% of EHC Global in a transaction valued at 130 million CAD.
The transaction is subject to regulatory approvals and other customary closing conditions.
Established in 1977, EHC Global is a leading manufacturer and supplier of escalator handrails, rollers, elevator belts, strategic components and integrated solutions for the vertical transportation industry. EHC Global also provides a comprehensive range of maintenance and installation services for escalators and moving walkways. The business is headquartered in Oshawa, Canada and has manufacturing and distribution locations in North America, South America, Europe and China. EHC Global generated revenues of 119 million CAD and an Adjusted EBITDA of more than 18 million CAD in 2019.
The acquisition of EHC Global is in line with Prysmian Group’s strategy to grow and reinforce its value-added businesses. EHC Global is a complementary add-on to Prysmian’s Draka Elevator business, broadening its product portfolio to include a wide range of escalator products and services.
Draka Elevator offers a portfolio of over 7,000 components for the vertical transportation industry and generated more than 250 million EUR of revenues in 2019. Draka Elevator’s specially engineered cables coupled with value-added solutions such as kitting, harnessing, connectorization and globally positioned Rapid Response Units for MRO are used by all major elevator manufacturers and service providers such as OTIS, Kone, Schindler and thyssenkrupp. Draka Elevator’s products have been deployed in some of the world’s tallest and most iconic man-made structures, like The Shard in London, Dubai’s Burj Khalifa, Marina Bay Sands in Singapore, and Hudson Yards in New York.
The completion of the transaction is expected to occur during the fourth quarter of 2020.
Prysmian Group is world leader in the energy and telecom cable systems industry. With almost 140 years of experience, sales exceeding €11 billion, about 29,000 employees in over 50 countries and 106 plants, the Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how. It operates in the businesses of underground and submarine cables and systems for power transmission and distribution, of special cables for applications in many different industries and of medium and low voltage cables for the construction and infrastructure sectors. For the telecommunications industry, the Group manufactures cables and accessories for voice, video and data transmission, offering a comprehensive range of optical fibres, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Italian Stock Exchange in the FTSE MIB index.
Corporate and Business Communications Director
Ph. 0039 02 6449.1
Brussels, July 7th, 2020 - On the occasion of the Micro-, Small and Medium-sized Enterprises Day, June 27th, EFESME wants to take this opportunity to celebrate and highlight the fundamental role that MSMEs play in the economic fabric of the continent, as well as the constant and only commitment of the Federation to protect and defend European lift MSMEs, their needs and their interests.
EFESME with all its members is proud to declare that the European Federation has been successfully representing for many years the lift MSMEs without any conflict of interest, and that its aim is solely and exclusively their representation and protection. The Federation proudly recognises the importance of lift MSMEs for the sector and its economy, as they represent the overwhelming majority of the companies involved in the sector, both in terms of maintenance and installation of complete lifts and in terms of production of their specific components.
The EFESME Members, representing 14 European states spread across the continent, and the Federation as a whole also want to underline on this important occasion their firm intention to continue to be the voice of the European MSME lift industry vis-à-vis the political, legislative, and regulatory Institutions within the European Union and abroad, in the arenas that matter, and with the most different actors, and to fight the fundamental battles to ensure the prosperity and success of lift MSMEs across the continent and beyond.
EFESME - EUROPEAN FEDERATION FOR ELEVATOR SMALL AND MEDIUM-SIZED ENTERPRISES aisbl
6, Rond-Point Schuman - 7th Floor c/o Confartigianato Imprese - B-1040 Brussels
May 11, 2020 (Oshawa, Canada) ─ EHC Global (EHC) is pleased to announce the donation of ten thousand dollars in support of Feed the Need in Durham, an Oshawa-based charitable organization that works with member agencies to distribute meals to those in need throughout Durham Region. Responding to the immediate need of local food banks for funding to offset the significant drop in food donations, employees at EHC’s global headquarters and manufacturing facility in Oshawa swiftly organized and kicked off a successful two-week fundraising campaign. From the onset, many managers also challenged one another in matching or even doubling the contributions of their respective departments. Inspired by the efforts and generosity of EHC employees as well as their lifelong ties to Oshawa and Durham Region, Ronald Ball, Founder and Chairman, and Jeno Eppel, President and Chief Executive Officer, each doubled what the staff raised through their fundraising efforts.
“Since our humble beginnings over forty years ago, EHC has always been committed to helping to make the world a better place by supporting the communities that we work in, live and serve around the world,” says Ronald Ball, Founder and Chairman. “We truly appreciate the tireless efforts and recognize the immediate positive impact that Feed the Need in Durham staff, partners and volunteers have had and continue to have throughout Durham Region, especially at this time of unprecedented need.”
Feed the Need in Durham believes that hunger should not prevent anyone from fulfilling their potential or participating fully in the life of our community. It is their mandate to work with their member agencies to alleviate hunger by providing fresh, frozen and non-perishable food to those who need it most in our community. Feed the Need in Durham is a unique and innovative organization, founded through collaboration, with a focus on collective impact. Working with 57 emergency food providers and 5 school nutrition programs across Durham, they were able to distribute 1.22 million meals in 2019 to those in need in our community, supporting 37,750 visits each month, 40% of whom are children.
“FTND would like to thank EHC Global and their entire staff team for this generous contribution to our work, at this extraordinary time” says Ben Earle, executive director of Feed the Need in Durham. “The generosity of our corporate partners and their employees provides a great example of the spirit of our community. We thank the entire EHC team for their support of our bulk food purchasing program and for making a significant impact on hunger in our community. At this time of great need this program allows us to purchase in bulk, the specific items most needed and requested by our network of emergency food providers.”
“I am proud and inspired by the compassion, generosity and relentless determination of EHC staff and our employee and social committees in Oshawa and around the world,” adds Jeno Eppel, President and Chief Executive Officer. “EHC regularly supports local organizations and relief efforts through corporate donations, employee-led fundraising campaigns, volunteerism, food and toy drives, and voluntary payroll deduction programs. In addition, EHC has continued to respond to the growing shortage of Personal Protection Equipment (PPEs) in Durham Region by donating thousands of masks and gloves to local charities and long-term care providers including Durham Mental Health Services, Pinecrest Nursing Home, and Seasons Clarington Retirement Community.”
About EHC Global Inc.
Established in 1977, EHC Global Inc. (EHC) is a leading manufacturer and supplier of handrails, rollers, safety brushes, elevator belts, strategic components, and integrated solutions to the vertical transportation industry. EHC also provides a comprehensive range of technical services to OEMs including field-splicing, Service+, project management and assembly, installation, removal, and modernization of escalators and moving walks. Each day, EHC helps millions of people all over the world move safely and comfortably in public transit systems, airports, office buildings, convention centers, shopping centers, hospitals, condominiums, and other urban spaces. EHC is committed to developing sustainable solutions that optimize safety, enhance value, and meet the challenging demands of OEMs, designers, building owners, and facility managers. To accomplish this, EHC employs top material scientists and engineers and continues to invest in R&D, product development, and next-generation polymer and composite extrusion technology. EHC has manufacturing and distribution facilities in Canada, Germany, Spain, France, Brazil, and China and a global network of sales offices including Mexico, Slovakia, United Kingdom, Turkey, and the USA as well as EHC partners in all major markets globally. For more information about EHC, visit http://www.ehc-global.com/.
John M. Calderón, Director of Marketing
1287 Boundary Road, Oshawa, ON L1J 6Z7 (Canada)
O: 905-432-6600, Ext. 217
Robyn McKibbon, Community Engagement Coordinator
Feed the Need in Durham
371 Marwood Drive, Oshawa, ON L1H 7P8 (Canada)
CYPRESS, Calif.,May 11, 2020–The Elevator & Escalator Division of Mitsubishi Electric US, Inc.,headquarteredin Cypress,California, introduces an elevator call system application for smartphones.
In this era of COVID-19, touch-free call interface with elevators can protect passengers and make them more comfortable.The smartphone application is designed for users to have a more personalized, seamless experience with elevators that are equipped with theMitsubishi Electric Sigma AI 2200C Destination Oriented Allocation System(DOAS®).With the application, users who have passed their entrance security checkpoint have the ability to call an elevator remotely from anywhere in the building, utilizingan intuitive, user-friendlyinterface.The applicationdisplays theuser’s assignedelevator,itscurrent status and alerts the passenger as the elevator car approaches to assist in touch-free, smooth boarding.
The application offers increased convenience and mobility through innovative features such as:
The system is equivalent to holding the elevator controls in the palm of your hand, and eliminates the need to directly interact with the elevator fixtures, providingadditional health benefits. Users can also set a default call mode for specific needs, for example, torequest cars that are wheelchair accessible.
The system is equivalent to holding the elevator controls in the palm of your hand, and eliminates the need to directly interact with the elevator fixtures, providingadditional health benefits. Users can also set a default call mode for specific needs, for example, torequest cars that are wheelchair accessible. “Our goalat Mitsubishi Electricis always to provide quality and convenienceto the user,” said Chris Cole, national sales and marketing manager,Mitsubishi ElectricUS, Inc., Elevator & Escalator Division. “Especially these days,it’s important to be able to offer solutions to building owners that keeps passengers from having to touch common surfaces. We work diligently to createproducts that set us apart and respond to changing user needs, and anticipate a positive response to our latest innovation.”
The smartphone application is designed to be customizable based on individual user needs. Default settings selected upon application download can be easily changed by the user as needs change.The Elevator Call System application is available now –please contact your local MitsubishiElectric sales representative.
For more information about Mitsubishi Electric elevators and escalators, visit www.MitsubishiElevator.com.
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About Mitsubishi Electric US, Inc. Elevator & Escalator Division
Headquartered in Cypress, California, Mitsubishi Electric US, Inc. Elevator and Escalator Division sells, installs, modernizesand services elevators and escalators. The division is recognized as an industry leader in product quality, reliability, and preventive maintenance programs.“Quality in motion” is inherent in the division’s best in class products and people. Quality is at the division’s core. The products differentiate themselves through the smooth ride, leading edge technology and unmatched reliability. The commitment continues over the life of the product through the division’s intensive service program that maximizes uptime of vertical transportation. Additional information is available at www.MitsubishiElevator.comor 714/220-4700.
In addition to elevators and escalators,Mitsubishi Electric US group companies’ principal businesses include cooling and heating products, semiconductor devices, automotive electrical components, factory automation products and services, electric utility products and large-scale video displays for stadiums and arenas. Mitsubishi Electric US group companies have 38locations throughout North America with approximately 4,000 employees.
Katie Sikorski, LMO
Augsburg – It is only one of the many consequences of the corona pandemic, but it has significant consequences: With the shutdown, all platforms for international exchange among experts in the elevator industry were gradually lost. It will probably take several weeks or even months before the experts meet again at trade fairs, congresses, conferences or similar events.
The three interlift partners Elevator World, virgo communications and exhibitions and AFAG have also dealt with this problem intensively. And so it was during a telephone conference on 1st May that the idea of a webinar was born. With this new format, an instrument for communication within the elevator industry is now available. It is intended to support the experts not only temporarily, but also to intensify the exchange of information with one another in the long term.
Already on May 12th, 1,053 participants from 71 countries were able to follow the webinar "Global Elevator & Escalator Industry Perspective:
Current Scenario & Recovery Plans" to which the US magazine Elevator World, virgo communications and exhibitions, India and AFAG, organizers of the interlift in Germany had invited.
For more than two hours, representatives of the leading international elevator associations discussed the situation in their respective countries as well as solutions and perspectives in the event, which was moderated by Anitha Raghunath (virgo) and T. Bruce MacKinnon (Elevator World). Also present were Achim Hütter, President VFAInterlift e.V., Germany, Roberto Zappa, President of ELA (Belgium), Zhang Lexiang, General Secretary CEA (China), Sebi Joseph, Chairman IEEMA (India), Donald Gelestino, President NAEC (USA), Massimo Bezzi, President EFESME (Italy), Segren Reddy, Editor Elevate Africa (South Africa) and Fabio Aranha, President AEW South America /Brazil).
The three partners Elevator World, virgo and AFAG have been cooperating successfully in interlift for many years. The continuation of this cooperation is quite long-term, another edition of the webinar will follow before the summer break.
AFAG Messen und Ausstellungen GmbH
Am Messezentrum 5
Phone +49 (0)821 – 5 89 82 - 143
Fax +49 (0)821 – 5 89 82 – 243