Kone to buy lift maker TK Elevator for €29.4bn
- Location
- 🇫🇮 Finland / Germany
- Sector
- Industry
- Organisations
- Kone ↔ TK Elevator (Verkäufer: Advent, Cinven)
- Transaction
- Acquisition (cash and shares)
- Volume
- €29.4bn including debt
- Status
- announced
Kone is acquiring rival TK Elevator from private equity firms Advent and Cinven for €29.4bn including debt, paid with €5bn in cash and 270 million new Kone shares; TK Elevator has about 50,000 employees. Completion is expected in Q2 2027 at the earliest (Kone, regulatory release, 29 April 2026; second source: Euronews, 29 April 2026). Update (4 June 2026): Kone shareholders have approved the deal, and antitrust clearances are pending (Private Equity Wire, 4 June 2026).
Source: inderes.fi ↗ · Archived copy ↗
Further sources: euronews.com ↗ (Archived copy ↗) · privateequitywire.co.uk ↗ (Archived copy ↗)
Evidence: 3 independent sources · How well sourced is Eurotrack?
More from: 🇫🇮 Finland · 🇩🇪 Germany