Mitsubishi Electric to Acquire Irish Elevator Company Infinity Lifts
Mitsubishi Electric has signed an agreement to acquire all shares of Infinity Lifts Limited, an Irish elevator business company. Following the acquisition of Ascension Lifts in 2025, this move aims to strengthen its maintenance and renewal service base in Europe and expand its presence in the growing Irish market.
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- 📰 Published: April 2, 2026 at 02:40
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Mitsubishi Electric Corporation (hereinafter "Mitsubishi Electric") announced that it signed a share transfer agreement on March 18 (local time) to acquire all shares of Infinity Lifts Limited (hereinafter "Infinity Lifts"), an elevator business company based in Ennis, Ireland. The transaction is expected to be completed in the first half of 2026, following regulatory approvals and other customary closing conditions.
Mitsubishi Electric and Mitsubishi Electric Building Solutions Corporation (hereinafter "MEBS") are expanding their maintenance and renewal business in Europe, which they consider a core market for their building systems business. This expansion is led by their 100% subsidiary, Motum AB (Stockholm, Sweden). As part of their European strategy, they acquired Ascension Lifts Limited in April 2025 to strengthen their business foundation in Ireland, and this latest acquisition follows that move.
Infinity Lifts is a service provider that handles the sale, installation, maintenance, and renewal of various elevator brands, including Mitsubishi Electric's. The company possesses high technical capabilities and a significant maintenance portfolio. By combining Infinity Lifts' strengths with those of Ascension Lifts—which has a long-standing multi-brand foundation—Mitsubishi Electric aims to provide higher value-added services and strengthen its business base in Ireland, where market growth is expected. This will drive the overall expansion strategy for the elevator business across Europe.
Comments from Stakeholders:
Garech McGuinness, CEO of Infinity Lifts Limited: "We are honored to become a part of the Mitsubishi Electric Group. We are confident that the trust and technical expertise we have built with our customers, fused with Mitsubishi Electric's global resources, will provide even greater peace of mind and innovative solutions to our customers in Ireland."
Iwao Oda, Executive Officer, Building Systems Group, Mitsubishi Electric Corporation / President, Mitsubishi Electric Building Solutions Corporation: "Since the acquisition of Motum in 2022, our building systems business has been working to strengthen maintenance and renewal services through M&A activities in Europe. By building optimal structures in each country centered on Motum, the pillar of our European strategy, we aim for further growth of our elevator business globally."
Goals of the Infinity Lifts Acquisition:
The building systems business is one of Mitsubishi Electric's key growth areas. MEBS, established in April 2022, provides comprehensive services from development and manufacturing to maintenance and renewal. In the global elevator market, particularly in mature markets like Europe, demand for maintenance and renewal is expected to grow steadily due to aging equipment and increasing environmental awareness. To meet this demand, Mitsubishi Electric has been actively expanding its base in Europe through M&As, primarily in North-Western Europe, since the 2022 Motum acquisition.
Infinity Lifts has served as Mitsubishi Electric's distributor in Ireland since 2019, handling sales, installation, and maintenance while also possessing the technical skills to handle multi-brand products. This acquisition is the second in Ireland, following Ascension Lifts in April 2025. By combining Ascension Lifts' expertise in third-party products and its Dublin customer base with Infinity Lifts' advanced technical skills and extensive sales network, the company aims to respond to all customer needs regardless of the manufacturer. This synergy will strengthen the business foundation in Ireland and drive the European expansion strategy.
Mitsubishi Electric and Mitsubishi Electric Building Solutions Corporation (hereinafter "MEBS") are expanding their maintenance and renewal business in Europe, which they consider a core market for their building systems business. This expansion is led by their 100% subsidiary, Motum AB (Stockholm, Sweden). As part of their European strategy, they acquired Ascension Lifts Limited in April 2025 to strengthen their business foundation in Ireland, and this latest acquisition follows that move.
Infinity Lifts is a service provider that handles the sale, installation, maintenance, and renewal of various elevator brands, including Mitsubishi Electric's. The company possesses high technical capabilities and a significant maintenance portfolio. By combining Infinity Lifts' strengths with those of Ascension Lifts—which has a long-standing multi-brand foundation—Mitsubishi Electric aims to provide higher value-added services and strengthen its business base in Ireland, where market growth is expected. This will drive the overall expansion strategy for the elevator business across Europe.
Comments from Stakeholders:
Garech McGuinness, CEO of Infinity Lifts Limited: "We are honored to become a part of the Mitsubishi Electric Group. We are confident that the trust and technical expertise we have built with our customers, fused with Mitsubishi Electric's global resources, will provide even greater peace of mind and innovative solutions to our customers in Ireland."
Iwao Oda, Executive Officer, Building Systems Group, Mitsubishi Electric Corporation / President, Mitsubishi Electric Building Solutions Corporation: "Since the acquisition of Motum in 2022, our building systems business has been working to strengthen maintenance and renewal services through M&A activities in Europe. By building optimal structures in each country centered on Motum, the pillar of our European strategy, we aim for further growth of our elevator business globally."
Goals of the Infinity Lifts Acquisition:
The building systems business is one of Mitsubishi Electric's key growth areas. MEBS, established in April 2022, provides comprehensive services from development and manufacturing to maintenance and renewal. In the global elevator market, particularly in mature markets like Europe, demand for maintenance and renewal is expected to grow steadily due to aging equipment and increasing environmental awareness. To meet this demand, Mitsubishi Electric has been actively expanding its base in Europe through M&As, primarily in North-Western Europe, since the 2022 Motum acquisition.
Infinity Lifts has served as Mitsubishi Electric's distributor in Ireland since 2019, handling sales, installation, and maintenance while also possessing the technical skills to handle multi-brand products. This acquisition is the second in Ireland, following Ascension Lifts in April 2025. By combining Ascension Lifts' expertise in third-party products and its Dublin customer base with Infinity Lifts' advanced technical skills and extensive sales network, the company aims to respond to all customer needs regardless of the manufacturer. This synergy will strengthen the business foundation in Ireland and drive the European expansion strategy.