Elevator design hasn't progressed very much during the past 160 years, and still comprises cabins which move vertically in a shaft supported by cables. This is inefficient and limiting, taking up a ...

Later this year, the new 459-ft-tall East Side Tower in Berlin, Germany, will be the first building in the world to install an elevator system that travels both vertically and horizontally. OVG Real ...

Looking to expand versatility in building designs, Essen, Germany-based ThyssenKrupp Elevator AG has announced Multi, a cable-less elevator system propelled by magnetic induction. Multi will allow ...

Elevator research and development inside the substantially complete 246-meter-tall thyssenkrupp Elevator AG test and observation tower in Rottweil, Germany, will begin next year, though the lift ...

Elevators haven’t changed much in 150 years; the controls got more sophisticated, but they basically remained a box pulled up by a cable, with one cab per shaft. This becomes a real problem as ...

FRANKFURT/DUESSELDORF, Germany (Reuters) - Finland's Kone <KNEBV.HE> has proposed paying a multi-billion euro break-up fee to Thyssenkrupp <TKAG.DE> in an effort to improve its chances in an auction ...