Privately held industrial manufacturer
Appears in 1 story
Acquisition target; owned by Advent International and Cinven since 2020
Finland's Kone has agreed to buy Germany's TK Elevator for €29.4 billion, a deal that would collapse the elevator industry's long-standing 'Big Four' into three. The combined company would maintain roughly 3.2 million elevators and escalators worldwide—the units most office workers, hospital patients, and apartment dwellers ride every day.
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