KONE in the news

Mitsubishi Electric and Fujitec are considering bids for TK Elevator's European operations, which Kone plans to sell to secure antitrust approval for its acquisition of TK Elevator.

Mitsubishi Electric and Fujitec are among Japanese bidders considering offers for TK Elevator's European assets, valued at approximately ․5 billion, as Kone aims to sell these operations to meet antitrust requirements.

KONE's analysis of two billion elevator rides in 18 European cities shows diverse urban patterns and the need to modernize aging building infrastructure by 2050.

An analysis of two billion elevator journeys uncovers varied daily, weekly, and seasonal activity patterns across European cities, highlighting differences in work habits, leisure, and urban rhythms.

KONE is a global leader in the elevator and escalator industry, moving two billion people daily with annual sales of EUR 11.2 billion in 2025 and over 60,000 employees.

Kone plans to sell parts of TK Elevator's European business to address antitrust concerns for its 29.4 billion euro acquisition, aiming to create the world's largest elevator manufacturer.

Kone intends to divest parts of TK Elevator to secure regulatory clearance for its 29.4 billion euro acquisition, which would create the largest elevator manufacturer globally.

Kone plans to sell TK Elevator's European business to resolve antitrust issues.

KONE will provide 59 elevators and 15 escalators, including a 631.5-meter continuous elevator journey, for Burj Azizi in Dubai, a 725-meter tower.

KONE has launched advanced elevator solutions leveraging wireless power, AI, and ultralight ropes to enable taller buildings, improve efficiency, and enhance user experience, with its technology already adopted by Dubai's Burj Azizi.

Kone will sell TK Elevator's European assets to gain regulatory approval for their acquisition, which aims to create the world's largest elevator manufacturer.

KONE reported strong Q2 2026 order growth of 10.9%, driven by modernization and resilient demand, while maintaining its full-year financial guidance despite its stock being below its yearly high.

The UK's CMA has invited comments on a deal between KONE and TK Elevator.

The CMA is soliciting public comments on the potential competitive impact of the KONE and TK Elevator merger in the UK, as part of its initial information-gathering process.

Kone's stock closed flat on Nasdaq Helsinki on September 21, 2026, trading in a narrow range amid broader market sentiment.

The UK antitrust authority is seeking initial views on Kone's €29.4 billion acquisition of TK Elevator GmbH to assess potential harm to competition.

Kone Oyj receives a consensus "Hold" rating from analysts despite missing recent earnings and revenue estimates, while continuing its global operations in elevator and escalator manufacturing and services.

The Department of Justice is investigating Kone's acquisition of TK Elevator for potential antitrust concerns in new construction and aftermarket services.

Kone stock edged up 0.20% to EUR 50.16 on September 16, 2026, reflecting stable sentiment and consistent financial performance in a long-cycle industry.

Kone's stock remains stable as investors prioritize the company's revenue and margin growth in its elevator and escalator segment.