Stronger Irish market presence will support elevator and escalator business expansion across Europe
TOKYO–(BUSINESS WIRE)–Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has agreed to wholly acquire the shares of Infinity Lifts Limited, an Irish elevator company based in Ennis, effective March 18. The transaction is expected to be completed in the first half of 2026, subject to the approval of the necessary regulatory authorities and the fulfillment of other customary closing conditions.
Mitsubishi Electric and its Tokyo-based subsidiary Mitsubishi Electric Building Solutions Corporation are expanding their maintenance and renewal businesses in Europe under the lead of Motum AB, a wholly owned subsidiary headquartered in Stockholm, Sweden. The initiative is a key element of Mitsubishi Electric’s strategy to grow its building systems business. After completing its acquisition of Ascension Lifts Limited in April 2025, Mitsubishi Electric is now strengthening its Irish business base through its acquisition of Infinity Lifts.
Infinity Lifts is a well-established company engaged in multi-brand elevator sales, installations, maintenance and renewals, including Mitsubishi Electric products. The company is recognized for its technical capabilities and substantial maintenance capacity. By combining Infinity Lifts’ strengths with Ascension Lifts’ long-standing multi-brand foundation, Mitsubishi Electric expects to raise the value of its services, strengthen its presence in the Irish market and ultimately expand its elevator and escalator businesses across Europe.
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