Finland’s Kone to buy German rival TK Elevator in blockbuster $34.4 billion deal

The combination would create the world’s largest elevator maker and marks one of Europe's biggest takeovers in recent years.

Kone: Better Mix, Less China Drag, And TKE Deal Is Great

Q1 2026 shows broad growth and margin gains. Services now 65%+ sales; TKE deal may boost US network. Click here to read my ...

Kone Strikes $34 Billion Deal to Buy TKE and Create World's Largest Lift Maker

HELSINKI, April 29 (Reuters) - Finnish lift maker Kone has agreed to buy ⁠German ⁠rival TK Elevator (TKE) in a deal worth ...

Kone Is in Advanced Talks to Acquire TK Elevator, Sources Say

Kone Oyj is in advanced talks to acquire TK Elevator in what’s set to be one of Europe’s biggest takeovers this year, people familiar with the matter said.
The Economist

How a mega-deal will transform the lift industry

The new company will tower over its industry, with a global market share of some 28%, according to Jefferies, an investment ...
Forbes

KONE Elevates People Flow Through Digital Transformation

Anyone who has ridden in an elevator has at some point, consciously or unconsciously, stared at the KONE logo. KONE Corporation is an elevator, escalator, and automatic building doors manufacturing ...

Kone strikes $34 billion deal to buy TKE, creating world's largest lift maker

By Anne Kauranen and Soren Jeppesen HELSINKI, April 29 (Reuters) - Finnish lift maker Kone agreed to buy German rival TK Elevator (TKE) in a cash and stock transaction valued at 29.4 billion euros ...