# Consortium to acquire thyssenkrupp Elevator Technology

Advent International, Cinven and RAG-Stiftung have signed definitive agreements to acquire thyssenkrupp's Elevator Technology business. thyssenkrupp AG will reinvest and retain a substantial minority stake.

- Type: Acquisition
- Announced: 2020-02-27
- Where: Germany
- Value: $18.7B (17.2B EUR)
- Status: announced
- Products: elevators, escalators, moving walkways
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Thyssenkrupp](https://endata.com/companies/833.md)
- [Advent International](https://endata.com/companies/430.md) (acquirer)
- [Thyssenkrupp](https://endata.com/companies/833.md) (target)
- [Cinven](https://endata.com/companies/23050.md) (acquirer)
- [RAG-Stiftung](https://endata.com/companies/45585.md) (acquirer)
- [RAG Foundation](https://endata.com/companies/45591.md) (acquirer)

## Sources

- [cinven.com](https://www.cinven.com/news-insights/advent-international-cinven-and-rag-stiftung-to-acquire-thyssenkrupps-elevator-technology-business/), 2020-02-28: "Advent International, Cinven and RAG-Stiftung today announced that they have signed definitive agreements with thyssenkrupp AG to acquire thyssenkrupp's Elevator Technology business."
- [cnbc.com](https://www.cnbc.com/2020/02/28/thyssenkrupp-shares-rise-on-elevator-deal.html), 2020-02-28: "Thyssenkrupp announced on Thursday it will sell its elevators division to a consortium of Advent, Cinven and Germany's RAG foundation in what could be the world's largest buyout this year."
- [news.mergerlinks.com](https://news.mergerlinks.com/daily-review/advent-cinven-and-rag-to-acquire-thyssenkrupp-elevator-technology-business-for-%24-18-7bn), 2020-03-02: "Advent, Cinven and RAG to acquire Thyssenkrupp elevator technology business for $18.7bn."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.