Kone Nears $34bn TK Elevator Acquisition

Kone Oyj is close to finalising a cash‑and‑stock deal to acquire TK Elevator, valued at €29 bn ($34 bn) including debt.
The acquisition involves TK Elevator’s owners Advent and Cinven, marking one of the largest private‑equity exits in European history.
An announcement is expected as early as Wednesday, per sources familiar with the transaction.