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Mitsubishi Electric Corp Assumes Ownership Of Brazilian Elevator And Escalator Company LGTECH ELEVADORES S.A.


Thursday, 12 Sep 2013 12:00am EDT 

Mitsubishi Electric Corp announced that it has assumed ownership of Brazilian elevator and escalator company LGTECH ELEVADORES S.A. (LGT), launching business operations under the name MELCO ELEVADORES DO BRASIL S.A. this month. Mitsubishi Electric will further expand its elevator and escalator business through its full-scale entry into the Brazilian market. The terms of the acquisition were not disclosed.