Kone set to buy TK Elevator for 34 billion in Europes biggest takeover surge

Published on 4 May 2026

A private equity mega deal could redraw Europe lifts

Finnish lift maker Kone plans to acquire German rival TK Elevator in a $34-billion deal, positioning it among Europe’s biggest takeovers in recent times. The agreement involves TK Elevator’s private equity owners Advent International and Cinven, plus other investors. Together, the combined company would employ over 100,000 people and generate more than 20 billion euros in annual revenue.

Kone is buying German lift rival TK Elevator for $34 billion
Deal features private equity owners Advent International and Cinven
Expected combined firm tops 100,000 employees and 20 billion euros revenue
LSEG data calls it one of Europe’s largest recent takeovers

#private equity #m and a #business #industrial #europe

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Kone set to buy TK Elevator for 34 billion in Europes biggest takeover surge

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