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Home·Deals·Elevator and escalator manufacturing·KONE merges with TK Elevator
KONE merges with TK Elevator (2026)
SEO URLwww.firestrike.ai/deals/tk-elevator-kone-merger-2026
mergerAnnounced · Apr 29, 2026Elevator and escalator manufacturingSource · CredibleArticle · Factual
TK Elevator
KONE
TK Elevator · KONE

KONE merges with TK Elevator

David Najork
David Najork · Founding Software Engineer
Announced · Updated · 1 min read
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Deal value
€29.4B
Party A
TK Elevator
TK Elevator
Duesseldorf, North Rhine-Westphalia
Party B
KONE
KONE
Proposed
Status
Proposed

KONE and TK Elevator are pursuing a merger. Reported scale / consideration: €29.4B. Status: Proposed. Sector: Elevator and escalator manufacturing. Target headquarters context: Duesseldorf, North Rhine-Westphalia, Germany.

This page summarizes publicly available information about the transaction as of 2026-04-29. Figures and status may change as filings and press coverage update.

Kone to Merge with Germany TK Elevator in EUR29 .4 Billion Deal Elevator and escalator maker Kone said Wednesday that it agreed to combine with German peer TK Elevator for an enterprise value of 29.4 billion euros

Deal timeline

Announced
Apr 29, 2026 · marketscreener.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context

This transaction is classified in Elevator and escalator manufacturing with a reported deal value of €29.4B. Figures and status may change as sources update.

Sources: marketscreener.com · Primary article · FireStrike proprietary index