Motum Group, a leading and independent Scandinavian provider of elevator, escalator and automatic door solutions, has signed an agreement to acquire Ascension Lifts, a well-established elevator company based in Ireland. This marks Motum’s first acquisition outside of Scandinavia and a key milestone in the company’s European expansion strategy.
Ascension Lifts has built a solid reputation in the Irish market by delivering high-quality service, maintenance, modernisation, and installation of elevators since 2003. With a strong team, proven experience in multi-brand service, and a well-established local presence, Ascension Lifts is well aligned with Motum’s values and complements the structure of the existing subsidiaries. The acquisition is part of Motum’s long-term strategy to grow its presence in Europe.
“Expanding into Europe is a significant and exciting step for Motum. With the acquisition of Ascension Lifts, we are establishing a foothold in Ireland and strengthening our position in the European market. Ascension Lifts shares our commitment to customer service and technical excellence, and we look forward to growing together,” says Fredrik Eliasson, Group CEO of Motum AB.
The acquisition was completed on April 29, 2025, and Ascension Lifts is now officially part of the Motum Group.
“We’re proud of the strong and diverse business we’ve built with our extensive maintenance portfolio, complementing our largescale installation and modernisation operations, with an impressive and diverse product range catering to every sector. Becoming part of the Motum Group – and the wider Mitsubishi Electric Group – marks an exciting new chapter. We look forward to sharing our local knowledge, learning from our new colleagues across Europe, and showing what Ireland has to offer,” says Paul Flynn, Founder & Managing Director of Ascension Lifts.
Motum has been owned by Mitsubishi Electric since 2022, further strengthening the Group’s capacity for growth, innovation, and investment in long-term partnerships across Europe.
