TK Elevator’s Acquirement of the company from Pegroco Invest strengthens its market position in Sweden. Nordic Lift has a prominent position in Sweden, delivering the full product life cycle from new installations to service of existing elevators.

Inge Delobelle, CEO of TK Elevator Europe Arica said:

“We are convinced that Nordic Lift is a beneficial extension to our regional footprint that will guarantee closeness to our customers thus adding to our continued growth path in Sweden”

The transaction is subject to the approval of the Swedish Competition Authority.