# Advent and Cinven acquire thyssenkrupp Elevator

Advent International and Cinven completed the acquisition of thyssenkrupp Elevator, which will operate as an independent company. The deal received unconditional regulatory approval.

- Type: Acquisition
- Announced: 2020-07-31
- Where: Essen, Germany
- Status: completed
- Products: elevators, escalators, moving walks, passenger boarding bridges
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Advent International](https://endata.com/companies/430.md) (acquirer)
- [thyssenkrupp Elevator](https://endata.com/companies/17144.md) (target)
- [Cinven](https://endata.com/companies/23050.md) (acquirer)

## Sources

- [fyb.de](https://www.fyb.de/en/advent-and-cinven-acquire-thyssenkrupp-elevator/), 2020-08-05: "All relevant regulatory authorities have unconditionally approved the acquisition by Advent and Cinven."
- [elevatorworld.com](https://elevatorworld.com/news/international-news/acquisitions-moves-contracts-pandemic-responses-and-more/), 2020-09-01: "The successful closing marks a new chapter in our history."

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