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.
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