M&A M&A
Johnson Lifts ups stake in in Toshiba Johnson JV from 49% to 80%
Source Business Line (opens in a new tab)Press Release (opens in a new tab)
Johnson Lifts Pvt. Ltd., a manufacturer of elevators and escalators, has increased its equity stake in Toshiba Johnson Elevators (India) Pvt. Ltd to over 80% from the previous 49%.Founded in 2012, Toshiba Johnson Elevators (India) is a joint venture between Johnson Lifts and Japan’s Toshiba Elevator and Building Systems Corporation. The company will maintain its role as the sole and exclusive business partner in India for Toshiba-branded elevators, escalators, and travelators, overseeing sales, installation, maintenance, customer service, and ongoing projects.