Apr 29, 2026ACQUISITIONGermany KONE and TKE to combine in cash and share transaction
KONE Corporation and a consortium led by Advent and Cinven have agreed to combine KONE and TKE in a cash and share transaction. The combined group would have approximately EUR 20.5 billion in annual sales and an estimated EUR 700 million in annual synergies.
Productselevatorsescalators
“KONE Corporation and a consortium led by Advent and Cinven have entered into an agreement to combine KONE and TKE in a cash and share transaction.”kone.com
- 4 sources
- kone.comInside information: KONE and TKE to combine, creating a world-class company in the elevator and escalator industryApr 29, 2026
- adventinternational.comKONE and TKE to combine, creating a world-class company in the elevator and escalator industry — Advent InternationalApr 29, 2026
- investing.comKone strikes $34 billion deal to buy TKE and create world’s largest lift maker By ReutersApr 29, 2026
- hk.marketscreener.comKONE Oyj, Advent International, L.P. and Cinven Limited agreed to acquire TK Elevator GmbH for an enterprise value of ?29.4 billion. | MarketScreener Hong KongS&P Capital IQApr 29, 2026
Summarized from public sources; check the original articles before acting on it.
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