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Finland's Kone Agrees to Buy German Rival TK Elevator in $34.4 Billion Deal

Provided by Dow Jones Apr 29, 2026, 6:36:00 AM

By Dominic Chopping

Finnish elevator maker Kone agreed to buy German rival TK Elevator in a deal valued at around 29.4 billion euros including debt, equivalent to $34.43 billion.

Under the deal, Kone would pay the consortium that owns TK Elevator around 5 billion euros in cash and up to 270 million newly issued Kone shares, which currently have a total value of around 15.2 billion euros.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

April 29, 2026 02:36 ET (06:36 GMT)

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