# Kone explores partnership to bid for Thyssenkrupp elevator business

Kone is considering teaming up with a private equity partner to bid for Thyssenkrupp's elevator business, which analysts value at up to €17 billion. No final decision has been made.

- Type: Acquisition
- Announced: 2019-09-05
- Where: Germany
- Value: $19.0B (17.0B EUR)
- Status: rumored
- Products: elevators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Thyssenkrupp](https://endata.com/companies/833.md) (target)
- [KONE](https://endata.com/companies/17797.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/HITACHI-LTD-6492458/news/Kone-explores-partnership-to-bid-for-Thyssenkrupp-elevator-business-sources-29164667/), 2019-09-05: "Kone has long been interested in Elevator Technology (ET) - which analysts say could be worth as much as 17 billion euros."
- [industryweek.com](https://www.industryweek.com/leadership/article/22028231/kone-ceo-wants-full-merger-with-thyssenkrupp-elevator-unit), 2019-09-13: "The complementary fit of these two companies is just second to none."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.