About Motum
Motum is a company based in Stockholm (Sweden) founded in 2013 was acquired by Mitsubishi Electric in March 2022. Motum has completed 2 acquisitions, including Uniheis and Vinga Hiss. Motum offers products and services including Elevator Installation, Maintenance Services, and Modernization Services. Motum operates in a competitive market with competitors including Schindler, TK Elevator, KONE, Savaria and ATIS Elevator Inspections, among others.
- Headquarter Stockholm, Sweden
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Sectors
Business Services
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Phone
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Website
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Social
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- Legal Name Motum Ab
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Uniheis
& 1 more
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Acquired by
Mitsubishi Electric
(Mar 23, 2022)
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Products & Services of Motum
Motum offers a comprehensive portfolio of products and services, including Elevator Installation, Maintenance Services, and Modernization Services.
Service for installing new elevators in buildings to ensure functionality.
Routine upkeep of elevators to prevent failures and enhance safety.
Updating existing elevators for better efficiency and sustainability.
Funding Insights of Motum
Investors in Motum
Motum has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mitsubishi Electric.
| Investor | Description | Founded Year | Domain | Location |
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Industrial automation, power systems, and semiconductors are manufactured globally.
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Founded Year | Domain | Location |
Investments & Acquisitions by Motum
Motum has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Uniheis and Vinga Hiss.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Lifts and unlocked elevator systems are provided, along with components.
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2005 | ||||
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Commercial elevator installation services are provided for businesses in Norway.
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1985 |
Financial Statements - Motum
Motum Comparisons
Competitors of Motum
Motum operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Schindler, TK Elevator, KONE, Savaria and ATIS Elevator Inspections, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Elevator maintenance and repair services are provided worldwide.
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| domain | founded_year | HQ Location |
Management consulting, business, and infrastructure services are provided.
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| domain | founded_year | HQ Location |
Elevators, escalators, and maintenance services for buildings are provided.
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| domain | founded_year | HQ Location |
Lifts and elevators are manufactured and supplied by Savaria.
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| domain | founded_year | HQ Location |
Provider of premier elevator inspection services
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| domain | founded_year | HQ Location |
Provides comprehensive solutions for vacuum home lifts and residential elevators.
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Frequently Asked Questions about Motum
Motum was founded in 2013.
Motum is headquartered in Stockholm, Sweden.
Motum provides installation of new lifts, modernization of existing elevators, service and repairs. Provides tailored elevator solutions to clients as per their needs. They work with open-source elevator systems and components already available in market. Motum group is formed by the merger of elevator companies I.T.K. and Hissgruppen in August 2013, which acquired another player Vinga Hiss and changed its name to Motum in November 2013. Motum group consists of Uppsala Lyftservice, Nordisk Hiss and Hiss-Craft i Sverige brands as well. Claims to generate a revenue of SEK 580M as of November 2015. Majority shareholder of the Motum group is investment fund Accent Equity 2012.
Motum's top competitors include KONE, TK Elevator and Schindler.
Motum offers Elevator Installation, Maintenance Services, and Modernization Services.
Motum has made 2 acquisitions, including Uniheis, and Vinga Hiss.
Motum has 1 investor. Key investors include Mitsubishi Electric.