“Arkel Is Now a European Brand With Global Purpose”

Innovalift CEO Andrea Veggian (AV) shares insights with your author (SSP) on the acquisition of Arkel. 

SSP: It’s great news that the acquisition of Arkel is now finalized. Could you tell us how this process started?

AV: Indeed, this acquisition is the result of approximately 18 months of intensive collaboration among Innovalift, our parent Swedish investment company Latour group and Arkel’s skilled management team. Our initial engagement actually began years ago through our Italian subsidiary Vega, which had deep insight into Arkel’s growing capabilities and reputation in the elevator control segment. As the discussions evolved, it became clear that Arkel’s technology, people and management style were a perfect match for our group’s vision.

SSP: What made Arkel such a strategic fit for Innovalift?

AV: Arkel is truly unique. Their strength in integrated lift control systems, variable-voltage, variable-frequency (VVVF) drivers and elevator electronics complements our portfolio perfectly. But more importantly, Arkel has built a culture of innovation, resilience and local commitment — especially in growth markets like India. We are not just acquiring products or customers; we’re welcoming a team that shares our values and is ready to contribute on a global scale.

SSP: Some might wonder if this acquisition changes Arkel’s identity?

AV: Yes and no, both in a positive way. Arkel is no longer just a local or regional company. As of today, it is a European company fully owned by Innovalift, headquartered in Sweden under the Latour group. While the company’s name and operational independence are maintained, its management and corporate structure have been integrated according to European standards and global neutrality. Arkel has become a completely global company.

SSP: What does this mean for India where Arkel has significant presence?

AV: India is one of our highest priority markets. Arkel’s localization vision in India — especially the new manufacturing facility and its expanding local teams — clearly reflects our group’s long-term strategy. We see India not merely as a commercial market, but as a strategic hub for technology transfer, job creation and sustainable partnerships in our region within the Arkel structure. Therefore, our manufacturing investment in India is not only intended for the local market, but also designed to support exports to surrounding regions. With this acquisition, Arkel’s operations in India will benefit from greater authority, increased resources and innovation coming from Europe.

SSP: How will Arkel collaborate with other Innovalift companies?

AV: Our group is designed to create synergy not uniformity. We do not have a strategy to merge or rebrand companies. Each company continues to operate under its own name and leadership, while benefiting from the knowledge, resources and experience shared across our sister companies in Europe. Arkel, as an important part of this structure, will continue to operate independently — but more powerfully. Thanks to Arkel’s expertise, we are also working on enabling other European companies within the Innovalift group to engage in the Indian market.

SSP: Finally, what would you like Indian partners, stakeholders and customers to take away from this new phase?

AV: Arkel is now a part of a European-based global company with a long-term vision for India. Neutrality, excellence, sustainability and inclusive growth are our core principles. Our goal is to continue creating local value while also sharing our global resources with the business community in the region. We are excited to collaborate with our Indian partners and customers on ambitious new projects in this exciting chapter.