Kone to buy rival TK Elevator in $34.4 billion deal
Corroborated by 3 sources from 3 publishers
TL;DR
Reports differ across sources; according to finance.yahoo.com, a €29.4 billion ($34.4 billion) cash-and-stock agreement to purchase TK Elevator was announced Tuesday by Finnish manufacturer Kone, which said the combined entity would rank as the world's top elevator and escalator business.
Sources
1
Investing.com News
https://www.investing.com/news/stock-market-news/kone-inks-294-bln-deal-to-buy-tk-elevator-in-global-merger-4643724
2
Investing.com News
https://www.investing.com/news/stock-market-news/kone-to-buy-rival-tk-elevator-in-344-billion-deal-4643590
3
Yahoo Finance News
https://finance.yahoo.com/markets/stocks/articles/kone-agrees-buy-tk-elevator-132708315.html
4
Bloomberg Markets
https://www.bloomberg.com/news/videos/2026-04-29/kone-agrees-to-buy-tk-elevator-for-34-4b-video