Beauchamps' Corporate and M&A team were delighted to act for the owners of Ascension Lifts Limited, an Irish elevator company based in Dublin, on its sale to Mitsubishi Electric Corporation.
The transaction, which completed on 29 April 2025, marks a significant strategic investment by Mitsubishi Electric in the Irish elevator market as part of its broader expansion in elevator maintenance and renewal services across Europe.
Ascension Lifts, a Dublin-based elevator company with a long-standing presence in Ireland, is recognised for its technical expertise, strong customer relationships, and experience in multi-brand maintenance and renewal. The acquisition strengthens Mitsubishi Electric’s business base in Ireland and supports its European growth strategy in the building systems sector.
The Beauchamps Corporate and M&A team was led by Shaun O'Shea, and was supported by John White, Yvonne O’Byrne, Patrick Nyhan and Rachel Leavy.