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Finland's Kone Oyj in Talks to Buy TK Elevator, Bloomberg Says, Citing Unnamed Sources

Provided by Dow Jones Mar 17, 2026, 7:25:00 AM

--Kone Oyj is in talks to buy German competitor TK Elevator, aiming to reach a deal in the coming weeks, Bloomberg reports, citing unnamed sources.

--The Finnish company is working with advisers on a potential cash and stock deal for the elevator maker, whose private-equity owners have sought a valuation of as much as 25 billion euros ($28.77 billion) including debt, according to Bloomberg.

--Kone and TK Elevator declined to comment.

Full story: https://shorturl.at/RypXn

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

March 17, 2026 03:25 ET (07:25 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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