IBJNews

Local elevator service firm bought by German company

Back to TopCommentsE-mailPrintBookmark and Share

Amco Elevator Inc., a longtime Indianapolis elevator repair and installation company, has been purchased by a division of German-based ThyssenKrupp AG.

Terms of the acquisition, announced Monday, were not disclosed.

Amco Elevators was founded in 1965 by Don Applegate and had been locally owned until ThyssenKrupp’s purchase. The company has about 50 employees.

Officials for Amco and ThyssenKrupp did not return phone calls seeking comment about the deal.

Amco is headquartered in downtown Indianapolis near East Washington Street and Interstate 65. It has additional offices in Bloomington, Columbus, Kokomo, Lafayette, Marion, Muncie, Richmond and Terre Haute.

The company has roughly 3,000 customers in Indiana and Illinois, according to Amco’s website.

Alpharetta, Ga.-based ThyssenKrupp Elevator has more than 47,000 employees internationally and has annual sales of roughly $5.7 billion. The company has an Indianapolis location on East 87th Street.
 
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
thisissue1-092914.jpg 092914

Subscribe to IBJ
ADVERTISEMENT