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  5. Orona Acquires AK Aufzuge

M&A Deal Summary

Orona Acquires AK Aufzuge

On February 29, 2024, Orona acquired business services company AK Aufzuge

Acquisition Highlights
  • This is Orona’s 1st transaction in the Business Services sector.
  • This is Orona’s 1st transaction in Germany.

M&A Deal Summary
Date 2024-02-29
Target AK Aufzuge
Sector Business Services
Buyer(s) Orona
Deal Type Add-on Acquisition

Target

AK Aufzuge

Rheinstetten, Germany
AK Aufzuge is a regional provider of elevator services, including new installation & replacement, service & maintenance, and modernization to its clients in the Southwest of Germany. AK Aufzuge is based in Rheinstetten, Germany.

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Buyer(S) 1

Buyer

Orona

Hernani, Spain
Category Company
Sector Business Services
DESCRIPTION

Orona is a sustainable vertical mobility group that provides design, manufacture, installation, maintenance, modernization, rehabilitation, and replacement of elevators and escalators for all market segments. Orona is based in Hernani, Spain.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2024 M&A 1 of 1
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