Kone to Acquire TK Elevator in $34.4 Billion Deal
Finland's Kone has agreed to acquire German elevator manufacturer TK Elevator in a $34.4 billion deal, creating the world's largest elevator maker. The merger is one of Europe's largest takeovers in recent years and is expected to face antitrust scrutiny. The deal is expected to generate annual synergies of 700 million euros.
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Topics: Corporate Strategy Elevator Industry Europe Mergers and Acquisitions