Privately held industrial manufacturer
Appears in 1 story · Last updated Jul 31, 2026
As of July 2026: Acquisition target; owned by Advent International and Cinven since 2020
Finland's Kone agreed in April 2026 to buy Germany's TK Elevator for €29.4 billion. The deal pairs €5 billion in cash with 270 million new Kone shares, which would create a company with 3.2 million units under maintenance and roughly €20.5 billion in combined annual revenue. Shareholders approved the share issuance on June 3, clearing the first major internal hurdle.
Updated Jul 31
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
