KONE Oyj Class B

KNEBV: XHEL (FIN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	B@	LOCK\|D%$	LOCK\|HM#S>z

Kone Earnings: Acquires TK Elevator in EUR 29.4 Billion Deal, Reshaping Global E&E Industry

Joachim Kotze

Apr 29, 2026

Kone announced the proposed acquisition of TK Elevator for an enterprise value of EUR 29.4 billion, creating the world's largest elevator and escalator company with EUR 20.5 billion in combined sales. First-quarter results were solid, but the deal dominates the April 29 agenda.

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KONE Oyj Class B

Kone Earnings: Acquires TK Elevator in EUR 29.4 Billion Deal, Reshaping Global E&E Industry

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