KONE Group has acquired LUXLIFT SARL, a leading elevator company in Luxembourg, aiming to strengthen its market position and enhance service offerings in the region.

Information on the Target

LUXLIFT SARL, a family-owned enterprise based in Luxembourg, specializes in the elevator sector. Established over three decades ago, the company has built a strong reputation by adhering to the highest quality standards and leveraging advanced technologies in its operations. LUXLIFT focuses on the design, installation, and maintenance of both standard and customized elevators, catering exclusively to the Luxembourg market. The company's premium solutions, combined with a skilled workforce, have enabled it to achieve rapid growth and a significant market presence, reinforcing its position within the high-end segment of the sector.

With a commitment to excellence and customer satisfaction, LUXLIFT has amassed a substantial number of lifts in service throughout Luxembourg. The company's dedication to delivering tailored elevator solutions has not only distinguished it in the local market but also aligned it for strategic opportunities, such as its recent acquisition by KONE Group.

Industry Overview in Luxembourg

The elevator and escalator industry in Luxembourg is characterized by a robust demand driven by significant urban development and infrastructure projects. As the country experiences ongoing economic growth, there is an increasing