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acquisitionAnnounced · Mar 16, 2026elevator manufacturingSource · CredibleArticle · Factual
KONE acquires TK Elevator
David Najork · Founding Software Engineer
Published · Updated · 1 min read
Deal value
$28.7B
Target
TK Elevator
Duesseldorf, North Rhine-Westphalia
Acquirer
KONE
Full Acquisition
Status
Pending
KONE agreed to acquire TK Elevator. Reported deal value: $28.7B. Status: Pending. Sector: elevator manufacturing. Target headquarters context: Duesseldorf, North Rhine-Westphalia, Germany.
This page summarizes publicly available information about the transaction as of 2026-03-16. Figures and status may change as filings and press coverage update.
Kone Oyj is in talks to acquire TK Elevator , the private equity-owned elevator maker that been planning an initial public offering, people familiar with the matter said
Deal timeline
Announced
Mar 16, 2026 · bloomberg.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context
This transaction is classified in elevator manufacturing with a reported deal value of $28.7B. Figures and status may change as sources update.
Sources: bloomberg.com · Primary article · FireStrike proprietary index