Bird & Bird advises TK Elevator on its acquisition of Sdiptech’s Swedish elevator operations

Bird & Bird has assisted TK Elevator, a global urban mobility leader, in the acquisition of Sdiptech’s Swedish elevator operations. The target companies have a strong reputation for high-quality service and modernization, with a maintenance portfolio of approx. 9,500 units in the Stockholm area. The acquisition significantly expands TK Elevator’s service network in Sweden and strengthens its position in the Nordic market.



TK Elevator has more than 50,000 employees serving customers in over 100 countries. The company’s most important business line is its service business, with approximately 1.4 million units under maintenance and over 24,000 service technicians globally. The product portfolio covers commodity elevators for residential and commercial buildings to cutting-edge, highly customized solutions for state-of-the-art skyscrapers. In addition, it also consists of escalators and moving walks, passenger boarding bridges, stair and platform lifts, as well as tailored service solutions such as MAX, the industry’s first cloud-based digitally enhanced maintenance solution.

Bird & Bird has a unique Nordic offering and expertise, providing clients with seamless advice on their strategic acquisitions in the Nordic region.
The Nordic Bird & Bird team included partner Mårten Willamo and was led by senior associates Taymaz Afsari and Marcus Erneholm, working together with Ahmed Al-Rahma, Sofia Ekeryd, Amanda Lannge, Elisabeth Zhou, Michael Butler (all Corporate, Stockholm), Lucas Magnusson (Employment, Stockholm), Victor Holmberg, Karin Tukiainen (both Commercial, Stockholm), Mariam Hussein (Intellectual Property, Stockholm), and Morten Nissen and Alexander Brochen (both EU & Competition, Copenhagen).

The transaction is subject to the approval of the Swedish Competition Authorities, expected in April 2021.

News & Deals

More News & Deals
Deal Bird & Bird advises Ryde Group on Strategic EV Investment in Atoll Discovery

Aug 19 2025

Read More
Deal Bird & Bird advises MyRepublic on Strategic Broadband Sale to StarHub

Aug 15 2025

Read More
Deal Bird & Bird advises Theon on the acquisition of Kappa Optronics

Aug 12 2025

Read More
Deal Bird & Bird advises shareholders of The Payments Association on partnership with Nineteen Group

Aug 07 2025

Read More
Deal Bird & Bird acts for Cornerstone Investors in US$140m placing by Rockhopper Exploration

Aug 06 2025

Read More
News Bird & Bird boosts Dispute Resolution team in Singapore

Aug 06 2025

Read More