News

Innovalift company Esse-Ti acquires Syntium Lifts in UK

19 May 2025

Esse-Ti, part of the Innovalift group, acquire 100 per cent of the shares in Syntium Lifts (“Syntium”), based in Kent in the UK, to expand its geographical reach of lift communication products for lifts and elevators.

Syntium is a leading UK specialist distributor of lift communication products for elevators, primarily for the growing modernization segment. The company, founded in 2010 by Dave O’Brien, sells complete lift communication solutions such as autodialler units, evacuation intercom systems and routers with associated SIM card services.

Innovalift AB have committed to set near- and long-term company-wide emission reductions in line with science-based net-zero with the SBTi

19 May 2025

In January 2025, Innovalift together with the individual companies further developed the joint strategic sustainability journey by as a group committing to net-zero as part of the Science Based Targets initiative. Taking climate action is a part of the strategic agenda on sustainability and we are proud to take the first step to commit to SBTi’s global movement for ambitious corporate decarbonization.

Innovalift completes acquisition of Arkel

23 January 2025

On July 19th, 2024, Innovalift AB (wholly owned subsidiary of Investment AB Latour) signed an agreement to acquire Arkel based in based in Istanbul, Türkiye to expand our geographic reach and complement our product portfolio of components for elevators. All closing conditions have now been fulfilled, and the transaction was closed on January 23rd, 2025.

Innovalift acquires lift component manufacturer Arkel, Türkiye

19 July 2024

This week Innovalift signed an agreement to acquire 100 per cent of the shares in Arkel based in Istanbul, Türkiye to expand its geographic reach and complement its product portfolio of components for elevators.

Investment AB Latour

13 May 2024

On Friday April 26th, Investment AB Latour announced a new business area in Innovalift. After the first acquisition in 2016, Latour Industries have nurtured and developed a portfolio of platform lift and lift component companies which today consists of Vimec, Aritco Lift, Motala Hissar, Gartec, TKS Heis, VEGA, Esse-Ti and BS Tableau, that are now ready to be the foundation of a 7th business area of its own.