What Orbitz Elevators does

Orbitz Elevators Pty Ltd was an Australian private elevator and escalator service company headquartered in Southport, Australia, operating across Australia and New Zealand. The company supplied, installed, maintained, repaired, and modernized elevators and escalators for a B2B customer base spanning residential, commercial, public transport, retail, and medical facility operators. Following its acquisition by KONE Corporation in May 2024, Orbitz's operations have been absorbed into KONE's Australia and New Zealand service network, with the Orbitz legal entity continuing as a subsidiary under Finnish public-listed parent KONE Oyj (Nasdaq Helsinki).

The Orbitz product and service offering prior to integration spanned the full elevator and escalator lifecycle, with a service-led revenue model combining one-off installation and modernization projects with recurring multi-year maintenance contracts. Post-acquisition, the portfolio has been subsumed into KONE's DX Class connected smart lift line (MonoSpace DX, TranSys DX, MiniSpace DX, and the ANZ-specific Essentials DX), the KONE MonoSpace Home Lift residential range, the TravelMaster and TransitMaster escalator and autowalk families, KONE 24/7 Connected Services for predictive maintenance, and KONE EcoMod for in-truss escalator modernization. The company also participates in the Green Council of Australia and maintains a 2024 modern slavery statement, indicating baseline ESG compliance. Revenue mechanics are anchored in a high-recurring maintenance base layered with capex-driven modernization and new-build installation work — a structure that drives high revenue visibility for incumbents and is the principal valuation lever in the elevator industry.

Name

Orbitz Elevators

Legal name

Orbitz Elevators Pty Ltd

Website

https://orbitzelevators.com.au

Company type

Private

Founded year

2014

Operating status

Acquired

Headcount range

101–250 employees

Short description

Orbitz Elevators Pty Ltd is an Australian elevator and escalator services company that supplied, installed, maintained, repaired, and modernized vertical transport systems for residential, commercial, and public-sector clients across Australia and New Zealand until its May 2024 acquisition by KONE Corporation.

Ownership category

akta.pro rank

Product category

Elevator and Escalator Services

NAICS

Elevator and Moving Stairway Manufacturing (333921)

akta.pro primary industry

Elevator, Escalator & Vertical Transportation Installation/Service (IMAFALAI)

akta.pro secondary industries

Elevator, Escalator & Lift Maintenance (IMAIABAF), Elevator Modernization & Retrofit (Controllers, Drives, Door Systems) (BPABAIAE), Elevator Repair & Emergency Callout Services (BPABAIAG)

Keywords

• Elevator installation services
• Escalator maintenance
• Elevator modernization
• Vertical transportation services
• Automatic door solutions

Headquarters

HQ city

Southport

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Core offering

Orbitz Elevators supplies, installs, maintains, repairs, and modernizes elevators and escalators for customers across Australia and New Zealand. Following its May 2024 acquisition by KONE Corporation, the company delivers a full vertical-transportation lifecycle portfolio including KONE DX Class smart elevators, escalators and autowalks, automatic doors, predictive maintenance, and building-modernisation solutions.

Product overview

KONE Australia operates a comprehensive platform-plus-modules architecture offering elevator, escalator, and automatic door solutions. The core product line includes the KONE DX Class connected smart lifts (comprising MonoSpace® DX, TranSys™ DX, MiniSpace™ DX, and Essentials™ DX), residential home lifts (MonoSpace Home Lift), and escalators (TravelMaster and TransitMaster series). Services span new building installations, maintenance with KONE 24/7 Connected Services predictive monitoring, modernisation solutions (KONE Upgrade, KONE Replace, KONE EcoMod™), and Advanced People Flow Solutions integrating access control, destination solutions, and monitoring into a holistic smart-building platform. KONE acquired Orbitz Elevators Pty Ltd in May 2024 to expand its service offerings in Australia and New Zealand.

Differentiator

Problem solved

Functional benefit

Products and services

• KONE MonoSpace DX Elevator Machine room-less passenger elevator for low and mid-rise residential and commercial buildings with digital connectivity, offered to building developers and property owners in Australia and New Zealand.
• KONE TranSys DX Elevator Machine room-less goods and passenger elevator designed for demanding people flow environments such as public transport, retail, and medical facilities.
• KONE MiniSpace DX Elevator Elevator with compact machine room and digital connectivity for mid and high-rise buildings.
• KONE Essentials DX Elevator Elevator engineered specifically for Australian and New Zealand users, offering an optimised and affordable solution with faster turnaround.
• KONE MonoSpace Home Lift Premium compact, quiet, and machine-room-less home lift for multi-storey Australian homes.
• TravelMaster 110 Escalator Highly eco-efficient escalator optimized for retail environments, providing a smooth and safe ride.
• TravelMaster 115 Travelator/Autowalk Travelator and autowalk providing easy and safe access for environments with demanding people flow needs.
• TransitMaster 120 Escalator Durable, eco-efficient escalator optimized for transit centres and retail centres.
• TransitMaster 140 Escalator Highly durable escalator designed for most demanding public transportation environments such as airports and transit hubs.
• TransitMaster 165/185 Travelator/Autowalk Heavy-duty travelator and autowalk primarily targeted towards the infrastructure segment with demanding conditions.
• KONE 24/7 Connected Services Predictive maintenance solution that monitors elevators and escalators 24/7, reducing faults, speeding up repairs, and increasing safety for building owners and facility managers.
• KONE EcoMod Escalator Modernisation Escalator modernisation solution that installs new modules inside existing truss without crane, shutdowns, or facade demolition.
• Automatic Doors Automatic doors for pedestrian and industrial use ensuring smooth, efficient, and safe flow of people and goods.

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• KONE CorporationcoreStrategic or Co-development Partner · 1 May 2024KONE Corporation acquired Orbitz Elevators Pty Ltd in May 2024 as part of KONE's expansion strategy to extend service offerings in Australia and New Zealand. This acquisition represents KONE's most recent acquisition activity and is part of their broader strategy of acquiring regional elevator service providers to strengthen market presence in the ANZ region.
• KONE CorporationcoreStrategic or Co-development Partner · 1 May 2024KONE Corporation completed the acquisition of Orbitz Elevators Pty Ltd in May 2024 to expand its service offerings in Australia and New Zealand. This acquisition is part of KONE's strategy to strengthen its position in the ANZ elevator and escalator services market.
• KONE CorporationcoreStrategic or Co-development Partner · 1 May 2024KONE Corporation's most recent acquisition involved Orbitz Elevators in Australia in May 2024. This acquisition is part of KONE's pattern of acquiring regional elevator service companies to expand service capabilities and market coverage in Australia and New Zealand.

Recent moves4 records

Expansion highlights5 records

Emerging players

• Hyundai Elevator: Korean elevator and escalator manufacturer expanding internationally, including into ANZ via project work. Comparable to Orbitz as an emerging global player in the same equipment and service categories.
• Stannah Lifts: UK-headquartered lift specialist with Australian operations focused on stair lifts, platform lifts, and home lifts. Comparable to Orbitz's residential lift and accessibility equipment exposure (KONE MonoSpace Home Lift overlap) within the ANZ market.
• Cibes Lift: Swedish-origin manufacturer of low-rise residential lifts and platform lifts with Australian distribution. Comparable to Orbitz in the residential and accessibility elevator segment, particularly given Orbitz's installation and service capability for home lifts in ANZ.

Direct peers

• Schindler Group: Swiss-headquartered global elevator and escalator company with active ANZ service operations. Schindler directly competes with Orbitz in supply, installation, maintenance, and modernization of elevators and escalators across the same Australian and New Zealand customer base.
• Mitsubishi Electric (Elevator & Escalator Division): Global elevator manufacturer with ANZ distribution and service operations. Directly comparable to Orbitz in supplying, installing, and servicing elevators and escalators in the same Australian and New Zealand markets.
• Fujitec: Japan-based global elevator and escalator company with established ANZ service footprint. Competes with Orbitz in new equipment supply, maintenance contracts, and modernization across Australian and New Zealand commercial real estate.
• KONE Corporation: Parent company of Orbitz Elevators since May 2024 and a global leader in elevators, escalators, and automatic doors. KONE is the most direct peer because it now owns and operates Orbitz, sharing the same ANZ service market, the same DX Class product platform, and the same 24/7 Connected Services maintenance model.
• TK Elevator (ThyssenKrupp): Major global elevator and escalator company with established service presence in Australia. Competes head-to-head with Orbitz across new installations, service contracts, and modernization projects for commercial and residential buildings.
• Otis Worldwide: World's largest elevator and escalator manufacturer and service provider, with significant ANZ operations. Directly comparable to Orbitz in offering new equipment installation, maintenance, repair, and modernization services across commercial and residential buildings in Australia and New Zealand.

Broad incumbents

• Hitachi Elevator: Major Asian elevator manufacturer with growing global service presence including in Australia. Comparable to Orbitz as a broad incumbent offering elevators, escalators, and connected services across commercial and infrastructure projects.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/orbitzelevators

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Orbitz Elevators