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L.T. Elevator to acquire 66.45% of DYPC Inc.
PRIVATEAug 05, 2026•4 days ago
Acquiring Company
L.T. Elevator Limited
Acquired Company
DYPC
AssamSouth KoreaManufacturingTransportation
Description
L.T. Elevator Limited has signed a Share Purchase Agreement to acquire a 66.45% stake in DYPC Inc. for USD 2.85 per share. This acquisition marks a strategic shift for L.T. Elevator, enabling it to become a technology owner in the automated parking systems segment. The transaction is set to be completed by September 30, 2026, pending regulatory approvals. The integration of DYPC's patents will enhance L.T. Elevator's product offerings and capabilities.
Company Information
Company
L.T. Elevator Limited
Location
Assam, India
About
L.T. Elevator Limited specializes in manufacturing and installing elevators. The company focuses on delivering innovative vertical transportation solutions. It aims to enhance the quality of urban living through advanced technology in its products. L.T. Elevator is known for its engineering-led manufacturing platform.
Assam
South KoreaManufacturingTransportation