International Companies

Finland's Kone to buy German rival TK Elevator for €29.4bn

By Michele Maatouk

Date: Wednesday 29 Apr 2026

(Sharecast News) - Finnish lift maker Kone said on Wednesday that it has agreed to buy German rival TK Elevator for €29.4bn.
Kone said the cash and share deal will lead to "substantial" value creation from realised synergies, estimated to be about €700m on an annual run-rate basis, benefitting customers and...

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