Elevator makers Kone, TK hope for EU approval by second quarter of 2027
By Anna Ferrari ( April 29, 2026, 13:42 GMT | Insight) -- Elevator makers Kone and TK Elevator have agreed a €29.4 billion deal to combine their businesses into a global player. Kone’s CEO said regulatory filings will begin shortly, with approvals required from the EU merger watchdog and other jurisdictions. The deal is expected to close in the second quarter of 2027. Finnish elevator-maker Kone’s €29.4 billion ($34.4 billion) takeover of German rival TK Elevator is expected to close by 2027, Kone’s CEO Philippe Delorme announced on Wednesday....
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