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
7 September 2026
Paksoy advises EBRD on a USD 207 million loan to Enerjisa
Paksoy advises EBRD on a USD 207 million loan to Enerjisa. The loan will be used to finance the modernisation and construction investments…
31 August 2026
Paksoy advises Point72 on its investment in HubX
On 28 August 2026, Point72 Private Investments, one of the world’s leading alternative investment firms, completed an investment of up to…
10 August 2026
Paksoy closes Fysol’s acquisition of shares of Beşler Glass Fiber
Fysol, a France-headquartered player in the glass fiber industry backed by private equity firm Blantyre Capital, has completed the…
6 August 2026
Four Deals. Five Business Days. One Team.
The past week showcased the depth, coordination, and strength of our M&A practice, as our teams advised on four significant M&A deals…
6 August 2026
Paksoy closes APP’s acquisition of Sanipak from Eczacıbaşı Holding
On 31 July 2026, APP, through its Turkish subsidiary, completed its acquisition of Sanipak from Eczacıbaşı Holding following receipt of all…
5 August 2026
Paksoy closes Carrefour’s sale of its stake in CarrefourSA
On 31 July 2026, the sale of Carrefour's 32.16% stake in CarrefourSA, one of Türkiye's leading food retailers, to Yeni Mağazacılık A.Ş., a…