TK Elevator acquires Nordic Lift

TK Elevator takes another step to strengthen its business in Sweden. The company will acquire Nordic Lift from Pegroco Invest.

Having a strong footprint of approximately 9,000 units under maintenance in Western Sweden, Nordic Lift is ranked as one of the top players in the elevator industry in Sweden acting through its operative companies which all have prominent positions in their respective regions.

Continuously grown

Ever since Pegroco Invest first acquired the business in 2016, Nordic Lift has continuously grown, both organically and through further acquisitions. Based on a strong business model, Nordic Lift focuses on the full product life cycle from new installations and modernization to the service and maintenance of elevators. In addition to elevators, their product portfolio includes the distribution of stair lifts and other home mobility solutions.

Following TK Elevator’s earlier acquisition of Sdiptech’s elevator operations in 2021, Nordic Lift will significantly expand TK Elevator’s market position and service network in Sweden. The transaction is subject to the approval of the Swedish Competition Authority.

More information: tkelevator.com