TK Elevator to acquire elevator business from Sdiptech for $28m.

TK Elevator, an elevator company, to acquire elevator business from Sdiptech, an engineering company and provider of technical services and products for urban infrastructures, for $28m. "The divestment is in line with Sdiptech’s set direction to concentrate growth efforts to the Water & Energy and Special Infrastructure Solutions business areas. The transaction has been prepared in agreement with the founders and management of the Swedish elevator operations. With TK Elevator as one of the world’s leading elevator group, the companies get a new good home, a long-term owner with extensive industrial expertise and experience in the elevator business,” Jakob Holm, Sdiptech CEO.