FAIN, the leading Spanish company in the vertical‑transportation sector, has announced the acquisition of TKE’s Irish subsidiary. Through this transaction, Grupo FAIN expects to manage over 7,000 units, including those handled by Doyle—a company that is part of the group but retains its legal independence.
This acquisition positions the group as the second‑largest operator in Ireland, with a 20 % market share. It also strengthens the group’s international footprint, where it is already present in France, the Netherlands, Switzerland, and Belgium.
In 2021, the group surprised the market by acquiring OTIS Ireland and West of Ireland Lift Services (WOIL)—the most ambitious deal in its over‑50‑year history. FAIN’s entry into Ireland demonstrated its commitment to international expansion, taking on the challenge of integrating three companies and transforming their operations with its own processes, systems, and corporate culture.
“In a pandemic‑marked context, FAIN not only maintained employment but also implemented a progressive, human‑centred, and technological integration model that has become a success story in the Irish market,” Michael Kelly, CEO of FAIN Ireland
In just four years, the Spanish family‑owned company has grown from maintaining 4,500 elevators to over 7,000, according to internal sources.
As of July 1, following a meticulous integration of the three original companies, FAIN completes its consolidation and rebrands them under a single corporate identity: FAIN Ireland.
“We always aim to create a unified, recognizable, and consistent brand in every country where we operate. We want you to step off the plane at Dublin Airport, enter the Vela Hotel in Barcelona, visit the Reina Sofía Museum or stay in a five‑star hotel in Paris—and immediately recognize the FAIN mark.” Miguel Gómez, COO of Grupo FAIN
With the acquisition of TKE’s subsidiary, FAIN Ireland cements its position as the company with the highest concentration of technicians in the market:
“This deployment allows us to offer customers unprecedented proximity and faster response times.” Michael Kelly, CEO of FAIN Ireland
The integration of the TKE team enhances FAIN Ireland’s operational structure and technical know‑how. Staff from both organizations will receive cross‑training on each other’s products and services.
The company’s vision is clear: profitable growth without compromising its commitment to people’s well‑being. In line with the group’s standards, FAIN Ireland places people at the centre of its operations. Over its four years in Ireland, it has achieved a 98 % employee‑retention rate and retained 93 % of its clients.
“Our intention in the Irish market is to build on what we have already achieved—fostering excellence and local talent to drive joint growth while preserving what makes us unique: proximity, technical excellence, and respect for people.” Nicolás Mediavilla, Chairman of Grupo FAIN
Grupo FAIN is an international Spanish company specializing in vertical‑transportation and access‑automation solutions, with a presence in six European countries. Founded in 1972, it combines family tradition with technological innovation to provide personalised, efficient, and sustainable services in elevators, escalators, automatic doors, and other mobility solutions.
With over 1,500 employees and a portfolio of more than 100,000 maintained units, the company expects to reach €250 million in revenue by 2025, driven by its customer‑service excellence, human‑centred approach, and strong commitments to digitalisation, sustainability, and talent development.
In recent years, FAIN has accelerated its international growth, consolidating leadership in markets such as France, the Netherlands, Switzerland, Belgium, and Ireland—where it accounts for 40 % of its business.
Image: The CEO of FAIN Ascensores, Nicolás Mediavilla Cesteros, signs the TKE Ireland acquisition document
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