TKAMY Thyssenkrupp AG (PK)

   By Neetha Mahadevan 

FRANKFURT--Steelmaker ThyssenKrupp AG said Monday it has acquired U.K's Lift & Engineering Services Ltd. for an undisclosed amount, as part of its strategy to strengthen global reach and expand its elevator technology business.

Lift & Engineering Services, or LES, specialises in lift equipment and drive systems, and also provides maintenance, repair and emergency response services for any lift, escalator, or hoisting equipment.

ThyssenKrupp's elevator business has been acquiring established small and medium-size lift companies in the U.K. and other countries for several years. The LES acquisition is its most significant acquisition in the U.K. since Hammond & Champness in 1999, ThyssenKrupp said.

Write to Neetha Mahadevan at neetha.mahadevan@wsj.com

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