Kone Is Said in Discussions to Acquire Competitor TK Elevator

Kone Oyj is in talks to acquire TK Elevator, the private equity-owned elevator maker that’s been planning an initial public offering, people familiar with the matter said.

By Swetha Gopinath, Eyk Henning, Dinesh Nair, Aaron Kirchfeld · Bloomberg

Kone Oyj is in talks to acquire TK Elevator, the private equity-owned elevator maker that’s been planning an initial public offering, people familiar with the matter said.