Antti Herlin

Chairman and controlling shareholder of Kone

Appears in 1 story

Stories

Kone agrees to acquire TK Elevator in €29.4 billion deal

As of July 2026: Backing the acquisition; Herlin family vehicle is Kone's largest shareholder

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