Brussels, 20 March 2025
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Alat Technologies Company (‘Alat’) of Saudi Arabia and TK Elevator Ibérica Holding S.L.U. (‘TKE’) of Spain.
The transaction relates primarily to the manufacturing, supply, installation and maintenance of vertical and horizontal transportation units, such as elevators.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11925.