Alat
Banking On KSA
TKE and Alat successfully close strategic partnership and JV. In August, TK Elevator (TKE) announced that Alat has completed a strategic partnership investment, becoming a long-term, direct shareholder in TKE...
TKE and Alat Successfully Close KSA Partnership and JV
TK Elevator (TKE), headquartered in Dusseldorf, Germany, and Alat, a Saudi Public Investment Fund (PIF), successfully closed a strategic partnership investment and EUR160-million (US$184.6-million) joint venture (JV), TKE announced on...
India’s CCI Greenlights ATC’s Stake in TKE and Saudi JV
The Competition Commission of India (CCI), India's antitrust watchdog, has approved Alat Technology Co. (ATC) acquiring a minority stake in TK Elevator (TKE) and a forming a joint venture (JV)...
TKE Considering US$22.7-Billion IPO in U.S. in 2026
Germany’s TK Elevator (TKE), the fourth-largest elevator maker in sales behind U.S.-based Otis, Switzerland’s Schindler and Finland-based KONE, is considering an initial public offering (IPO) in the U.S. in 2026, Reuters reports....
TKE and Alat Announce JV To Manufacture VT Locally in KSA
On February 24, TK Elevator (TKE) and Alat, a Saudi Public Investment Fund company, announced they are forming a EUR160-million (US$167-million) joint venture (JV) to manufacture vertical-transportation (VT) solutions including...
