Innovalift AB, a wholly-owned subsidiary of Investment AB Latour, which is an investment company consisting primarily of wholly-owned industrial operations and an investment portfolio of listing holdings, has signed a share purchase agreement on 16 July 2024 to acquire the shares representing the entire share capital of Arkel Elektrik, a leading Turkish manufacturer of components for elevators, for both new installations and the growing modernization segment. The transaction is expected to close upon clearance from the Turkish Competition Board.
The deal will result in the expansion of Innovalift AB’s geographic reach, will strengthen its position within the control systems and related elevator components, and will complement its product portfolio of components for elevators.
Paksoy is pleased to announce that a team led by partner Nihan Bacanak, together with senior associate Yeşeren Sözüer and associate İdil Güneş advised Innovalift AB on this transaction.
Share
Related persons
You can contact us for detailed information.


Legal Information
This briefing is for information purposes; it is not legal advice. If you have questions, please call us. All rights reserved.
You May Be Interested In
20 October 2025
Paksoy has advised Vakıf Katılım on its inaugural Additional Tier 1 sukuk issuance, valued at USD 500 million — the largest subordinated sukuk ever issued by a participation bank in Türkiye
Paksoy has advised Vakıf Katılım on its inaugural Additional Tier 1 sukuk issuance, valued at USD 500 million — the largest subordinated…
29 September 2025
Paksoy advises Merrill Lynch International on Vakıfbank share sale
Paksoy has advised the sole global coordinator and bookrunner, Merrill Lynch International, on the sale of 1.53% of the shares owned by…
25 September 2025
At Paksoy, we have implemented Legora, an industry-leading Generative AI platform designed for legal professionals, across the firm in all our practices
At Paksoy, we have implemented Legora, an industry-leading Generative AI platform designed for legal professionals, across the firm in all…
23 September 2025
Paksoy has been named “Türkiye Firm of the Year” at the Benchmark Litigation Europe Awards 2025
Paksoy has been named “Türkiye Firm of the Year” at the Benchmark Litigation Europe Awards 2025.
17 September 2025
Paksoy advises Ege Kimya on its recent acquisitions of Venator Materials’ Driers Book of Business and 100% of the shares in Metal Oksit
Ege Kimya is a leading Turkish chemicals company with operations in intermediate chemicals serving both domestic and international markets.…
9 September 2025
Paksoy advises Parsan, a Güriş Holding company listed on Borsa Istanbul, on the merger with Omtaş
Parsan, a Güriş Holding group company listed on Borsa Istanbul and active in integrated steel forging and machining business, has now…