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
- SectorsBusiness Services
- Website motum.se
- Social LinkedIn Facebook YouTube
- Acquired by Mitsubishi Electric (Mar 2022)
- Legal Name Motum Ab
- Investors
- Investments & AcquisitionsUniheis
& 1 more
- Acquired byMitsubishi Electric
(Mar 2022)
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.
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 |
|---|---|---|---|---|
Industrial automation, power systems, and semiconductors are manufactured globally. | 1921 | mitsubishielectric.com | Chiyoda City, Japan |
Investor details for Motum
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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 | Acquired | Amount |
|---|---|---|---|---|---|---|
Commercial elevator installation services are provided for businesses in Norway. | uniheis.no | Oslo, Norway | 1985 | May 2023 | •••• | |
Lifts and unlocked elevator systems are provided, along with components. | vingahiss.se | Molnbo, Sweden | 2005 | Dec 2013 | •••• |
Complete acquisition details for Motum
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Timeline of Motum
4 dated milestones of Motum across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Motum is founded.
- Acquisition Acquires Vinga Hiss.
- Exit Acquired by Mitsubishi Electric.
- Acquisition Acquires Uniheis.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| schindler.com | 1874 | Ebikon, Switzerland | – | 61,019 | Elevator maintenance and repair services are provided worldwide. | |
| tkelevator.com | 2002 | Delhi, India | – | – | Management consulting, business, and infrastructure services are provided. | |
| kone.com | 1910 | Espoo, Finland | – | 55,075 | Elevators, escalators, and maintenance services for buildings are provided. | |
| savaria.com | 1979 | Laval, Canada | – | – | Lifts and elevators are manufactured and supplied by Savaria. | |
| atis.com | 2013 | Saint Louis, United States | – | 168 | Provider of premier elevator inspection services | |
| nibavlifts.com | 2019 | Chennai, India | – | 1,207 | Provides comprehensive solutions for vacuum home lifts and residential elevators. | |
| johnsonliftsltd.com | 1963 | Chennai, India | – | 461 | Manufactures and installs lifts and escalators for buildings and infrastructure. | |
| champion-elevator.com | 2014 | New York, United States | – | 90 | Provides comprehensive residential and commercial elevator services. | |
| caltechlifts.co.uk | 1978 | Dundee, United Kingdom | – | 23 | Supplies, installs, and maintains lifts and stairlifts for commercial and residential clients. |
Detailed competitors of Motum
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Web traffic of Motum
The website of Motum (motum.se) receives about 6.6K visits a month.
- Monthly visits6.6K
▲ 71.8% vs previous month
Latest news on Motum
Complete news archive for Motum
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Similar companies to Motum
10 companies that operate in the same segment as Motum (Facility & Event Management Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Live entertainment events and ticketing services are managed worldwide. | 2005 | Beverly Hills, California, United States | – | USD 25.2 B | 16,200 | |
Provider of facility & project management, advisory, general contracting, and real estate development services | 2010 | Mumbai, Maharashtra, India | USD 117.79 M | USD 62.85 M | 15,502 | |
Security solutions and business support services are provided globally. | 1998 | Delhi, Delhi, India | USD 54.68 M | USD 1.7 B | 192,810 | |
Elevators, escalators, and moving walkways are manufactured, installed, and serviced. | 1853 | Farmington, United States | – | USD 14.43 B | 72,000 | |
Provider of security solutions with manned guarding, logistics, alarms, cybersecurity, and private security internationally | 1976 | Madrid, Madrid, Spain | – | USD 2.17 B | 56,530 | |
Integrated facility management services are provided to businesses worldwide. | 1901 | Copenhagen, Denmark | – | USD 13.32 B | 326,480 | |
Provider of diversified physical security services | 1901 | London, England, United Kingdom | USD 541 M | – | – | |
Developer, operator, and franchisor of trampoline and active entertainment parks | 2004 | Provo, Utah, United States | – | – | 335 | |
Provider of diversified professional and investment management services | 1976 | Toronto, Ontario, Canada | – | USD 5.67 B | 22,940 | |
Ascential is integrated into Informa Group for B2B events. | 1947 | London, England, United Kingdom | – | USD 256.74 M | 3,611 |
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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.
Motum operates through Motum Ab.
Yes. Motum was acquired by Mitsubishi Electric in March 2022.