Sourced evidence
Kone to buy rival TK Elevator in $34.4 billion cash and stock deal (Reuters)
Reuters (29 Apr 2026, via Hargreaves Lansdown): KONE agreed to buy TK Elevator for EUR29.4bn from Advent International and Cinven, paying EUR5bn cash on closing and issuing 270 million new shares. Source extract: "Finnish lift maker Kone said on Wednesday it had agreed to buy its German rival" TK Elevator; "The deal with private equity firms Advent International and Cinven".
- Source
- Reuters
- Type
- News report
- Published
- April 29, 2026
- Confidence
- 85/100
- Filed under
- TK Elevator
Supports these links
- Advent International invests in TK Elevator
- KONE competes with TK Elevator
- KONE invests in TK Elevator
Cite this
InsightNodes, "Kone to buy rival TK Elevator in $34.4 billion cash and stock deal (Reuters)" (TK Elevator). Source: Reuters, April 29, 2026, https://www.hl.co.uk/news/kone-to-buy-rival-tk-elevator-in-344-billion-cash-and-stock-deal. https://insightnodes.com/claims/e/tk-elevator-p4-reuters-kone-deal-2026 (accessed November 10, 2026).
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