Kone nears $34 billion deal for rival TK Elevator, Bloomberg News reports
Reuters·2026-04-29 05:06

April 28 (Reuters) - Kone(KNEBV.HE), opens new tab is nearing a cash-and-stock deal to buy German rival TK Elevator, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Finnish company is putting the final touches on a deal with TK Elevator's owners Advent and Cinven, and an agreement could be announced as soon as Wednesday, valuing TK Elevator at about 29 billion euros ($33.97 billion) including debt, the report said. Reuters could not immediately verify the report. ($1 = 0.8538 ...

Kone nears $34 billion deal for rival TK Elevator, Bloomberg News reports - Reportify