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M&A Deal Summary

TK Elevator Acquires Sdiptech AB - Swedish Elevator Business

On February 19, 2021, TK Elevator acquired machinery company Sdiptech AB - Swedish Elevator Business from Sdiptech for 233M SEK

Acquisition Highlights
  • This is TK Elevator’s 3rd transaction in the Machinery sector.
  • This is TK Elevator’s largest (disclosed) transaction.
  • This is TK Elevator’s 1st transaction in Sweden.

M&A Deal Summary
Date 2021-02-19
Target Sdiptech AB - Swedish Elevator Business
Sector Machinery
Buyer(s) TK Elevator
Sellers(s) Sdiptech
Deal Type Divestiture
Deal Value 233M SEK

Target

Sdiptech AB - Swedish Elevator Business

Stockholm, Sweden
Sdiptech's Swedish elevator business specializes in the renovation, modernization, and service of elevators in Stockholm.

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Buyer(S) 1

Buyer

TK Elevator

Düsseldorf, Germany
Category Company
Founded 1864
Sector Machinery
DESCRIPTION
ThyssenKrupp elevator service vehicle in Duluth, Minnesota.
ThyssenKrupp elevator service vehicle in Duluth, Minnesota.

TK Elevator is a global provider of elevators, escalators, and other innovative passenger transportation solutions. TK Elevator was founded in 1864 and is based in Dusseldorf, Germany.

DEAL STATS #
Overall 7 of 12
Sector: Machinery M&A 3 of 5
Type: Divestiture M&A Deals 2 of 2
Country: Sweden M&A 1 of 1
Year: 2021 M&A 1 of 6
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 O Keefe Elevator Co.

Omaha, Nebraska, United States

O'Keefe Elevator Co., Inc. is a full-service elevator company serving Nebraska and Iowa.. O'Keefe Elevator was founded in 1919 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Albany Elevator

Albany, New York, United States

Albany Elevator is a provider of modernization, maintenance, repair, and installation services in the Albany area. Albany Elevator was founded in 2000 and is based in Albany, New York.

Buy -

Seller(S) 1

SELLER

Sdiptech

Stockholm, Sweden
Category Company
Founded 2004
Sector Infrastructure
Employees2,185
Revenue 5.2B SEK (2024)
DESCRIPTION

Sdiptech is a provider of urban infrastructure. It provides deeply niched products and services within modernization, new installation, service & maintenance in e.g. hospitals, traffic systems, water supply systems, and data centers. Sdiptech was founded in 2004 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-19 EV OneStop

Boston, United Kingdom

EV OneStop is the largest dedicated supplier of electric vehicle cables, charging points, and accessories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-29 Kemi-tech

Hedensted, Denmark

Kemi-tech is a sustainable producer of specialty chemicals for protection against corrosion, coatings, and biofilms within all types of water-carrying systems, especially in the areas of boiler systems, cooling systems, and district heating systems. Kemi-tech is based in Hedensted, Denmark.

Buy -
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