Acquiring Company
Kone
Acquired Company
TK Elevator
HelsinkiTransportationDescription
Kone announced it will acquire rival TK Elevator for €29.4 billion, marking Finland's largest transaction. The deal is being reviewed by the DOJ for potential antitrust issues. If approved, this acquisition would merge the world's third and fourth largest elevator companies. Kone aims to expand its footprint in the U.S. market through this acquisition.
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Based on deal dataFrequently asked
Who acquired TK Elevator?
TK Elevator was acquired by Kone, based in Helsinki. The deal was reported on August 12, 2026. Kone is a Finnish company that specializes in elevators and escalators. Founded in 1910, it provides a range of solutions for moving people and goods in buildings. Kone is privately held.
When did Kone acquire TK Elevator?
Kone's acquisition of TK Elevator was reported on August 12, 2026. Kone announced it will acquire rival TK Elevator for €29.4 billion, marking Finland's largest transaction. The deal is being reviewed by the DOJ for potential antitrust issues. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TK Elevator do?
TK Elevator (TKE) is a global leader in vertical transportation and urban mobility. The company specializes in providing advanced elevator and escalator technology. TKE focuses on innovation, sustainability, and customer success. It is privately held, operating in Transportation.