L.T Elevator Ltd has signed a Share Purchase Agreement to acquire Seoul-based DYPC Inc. (Dongyang PC Inc.), marking its entry into the global automated parking technology business.
The company will acquire a 66.45% stake in DYPC at a consideration of $2.85 per share. It will also acquire and cancel 5 lakh equity shares held by a Saudi investor at the same price within 60 days of closing. Upon completion, DYPC will become a wholly owned subsidiary of L.T Elevator.
Global technology platform
DYPC is a globally recognised manufacturer of automated mechanical car parking systems and the developer of its proprietary Smart Parking platform. Its product portfolio includes rotary (carousel), tower (elevator), compact (circulating) and grand (shuttle) parking systems.
The company’s solutions are deployed across global urban markets and are known for their compact footprint, faster vehicle retrieval and smartphone-enabled operations.
Growth opportunities
The acquisition is expected to contribute around ₹30 crore in revenue for the remainder of the current fiscal at industry-leading margins.
DYPC currently has an order book of about ₹65 crore, including ₹45 crore worth of orders secured last week, and a bid pipeline of nearly ₹700 crore. Around ₹550 crore of this pipeline is from the United States, providing L.T. Elevator with an immediate entry into the US market.
Manufacturing synergies
The acquisition is expected to complement L.T Elevator’s integrated manufacturing facility, which is scheduled to be commissioned in the fourth quarter of FY27.
The company also expects synergies with its ₹100 crore annualised home elevator business and its expanding car parking solutions business.
Management outlook
“The acquisition of DYPC is a defining moment for L.T Elevator. We are not merely buying a company—we are acquiring technology, intellectual property and a global footprint built over two decades,” said Yash Gupta, Director.
“Combined with our integrated manufacturing facility coming online in Q4 FY27, our ₹100 crore annualised home elevator business and the strong execution momentum in car parking, we believe L.T Elevator is entering a new phase of growth that is structurally different from where we were even 12 months ago. FY27 and FY28 will reflect the full impact of these decisions,” he added.