Philippe Delorme

Money Moves

As of July 2026: Will lead the merged entity post-closing; spearheading regulatory approval process

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