Finland’s Kone Agrees to Buy Rival TK Elevator for €29.4 Billion

Kone Oyj agreed to acquire TK Elevator for €29.4 billion ($34.4 billion) including debt, in what will be one of Europe’s biggest-ever private equity exits.

By Swetha Gopinath, Dinesh Nair, Ruth David · Bloomberg Markets

Kone Oyj agreed to acquire TK Elevator for €29.4 billion ($34.4 billion) including debt, in what will be one of Europe’s biggest-ever private equity exits.