TK Elevator has been acquired and is now an independent company
Formerly a division of thyssenkrupp, thyssenkrupp elevator was acquired by Advent International and Cinven in July of 2020. Following the acquisition, thyssenkrupp elevator has been operating as an independent company. Later, in February of 2021, the company was renamed TK Elevator and launched the global brand TKE.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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