Aritco-backed Investment Latour to acquire Motala Hissar from Kone.

Aritco-backed Investment Latour, an investment company, agreed to acquire Motala Hissar, a manufacturer of lifts for buildings where space is limited, from Kone. Financial terms were not disclosed. "We have had Motala Hissar on the radar for several years. The company's product portfolio complements Aritco's offer, is technologically sophisticated, delivers very clear customer values and has a clear differentiation from other players in the market. We also see great development opportunities for the company, by investing further in product development, sales and marketing activities and production, we are convinced that Motala Hissar can reach its full potential. I look forward to a good collaboration with all employees to grow and develop the company further”, Martin Idbrant, Aritco CEO.