Temple Lifts Ltd announces investment by Hitachi Ltd

Temple Lifts Ltd is a long established and privately owned Lift and Escalator Company. The business operates from three regional offices serving customers across the UK and employs 125 staff. It is renowned in the UK market by its valued and longstanding clients for the quality of its product, services and highly regarded responsive employees.

Hitachi Ltd, headquartered in Tokyo, Japan, delivers innovations, technology and products that answer society’s challenges. The Hitachi Group is a global leader in the Social Innovation Business and has approximately 335,000 employees worldwide and revenues of £70.7 billion. It employs over 20,000 people across Europe.

Hitachi has extensive lift and escalator businesses in China, Asia, India and the Middle East. Hitachi has been considering entering the European lift market, which accounts for over 30% of the global market, with the UK having a significant part of this valuable industry sector. With this exciting investment in Temple Lifts, Hitachi is now in a position to enter the UK market and offer UK customers high quality premium lift and escalator products through Temple Lifts.

The new ownership will provide Temple Lifts the opportunity to expand its business with investment from Hitachi, by moving into the premium lift and escalator markets along with the highly demanding high rise/high speed sectors. With the additional strengths, expertise and technology that this investment brings to Temple Lifts, the business will be better positioned to support both new and existing customers. Particularly for those customers looking to install, modernise and maintain lifts in new build, medium to high rise residential and commercial buildings. Furthermore, it provides improved security and significant career opportunities for all Temple Lifts employees.

The business will remain trading under the well-respected name of Temple Lifts Ltd. The investment will not create any changes in the existing directors, management, administrative and field personnel. Importantly it will reinforce and build on the reputation of Temple Lifts as the supplier of choice for many lift and escalator service, modernisation and new product customers.

The Directors, Temple lifts Limited.

Categorised in: