Singapore competition watchdog seeks views on KONE's TK Elevator deal
( October 7, 2026, 04:09 GMT | Official Statement) -- MLex Summary: Singapore’s Competition and Consumer Commission on Wednesday said that it is seeking public feedback on KONE Oyj’s proposed acquisition of Vertical Topco II S.A., the holding company for TK Elevator. The deal would combine two major elevator and escalator suppliers across new installations, equipment modernization, and maintenance and repair services. The CCS accepted the parties’ application on Sept. 29 to assess whether the transaction breaches Singapore’s competition law. The consultation runs through Oct. 20, with the CCS seeking views on potential competition effects.Statement follows....
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