Latour completes acquisition of Arkel
On July 19[th], 2024, Investment AB Latour, through its wholly-owned subsidiary Innovalift AB, signed an agreement to acquire Arkel based in based in Istanbul, Türkiye to expand its geographic reach and complement its product portfolio of components for elevators. All closing conditions have now been fulfilled, and the transaction was closed on January 23[rd], 2025. Arkel is a leading Turkish manufacturer of components for elevators, for both new installations and the growing modernization segment. The company, founded in 1998, manufactures and sells complete control systems, integrated