Kone and TKE strike $34 billion deal to create world's largest elevator maker - Reuters

<a href="https://news.google.com/rss/articles/CBMioAFBVV95cUxQV1IwcXlrQWdsa0E5V2o4SGdLclRwZ1NaWVVtVFJpX2ZOVnE2Zzhmc3dOdzNmM3NCWVQtS1RfNjN5RlR4Vm9UbWNmRnI5bkdqN09XODdjUWZhLVNpYkFpX2dGX3h6UEVOS3hQTUpTRjdVa2NhYl9fTFNFd2E5LXVlUEhqNGN6YXRhQS1ieHZqejREcnNBYk94S3JrSUhNczhN?oc=5" target="_blank">Kone and TKE strike $34 billion deal to create world's largest elevator maker</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Finnish lift maker Kone has agreed to acquire German rival TK Elevator in a transaction valued at €29.4 billion ($34.4 billion), creating the world's largest lift manufacturer.

KONE Corporation and a consortium led by Advent and Cinven have entered into an agreement to combine KONE and TKE in a cash and share transaction, creating a world-class company in the elevator and escalator industry.

Kone Oyj is close to finalizing a cash-and-stock agreement to acquire TK Elevator, valuing the company at approximately €29 billion ($34 billion), marking one of Europe's largest private equity exits.

Finnish elevator maker Kone has agreed to acquire German rival TK Elevator in a €29.4 billion ($34.4 billion) deal, creating the world’s largest lift manufacturer with annual synergies of about €700 million.

Finnish lift maker Kone has agreed to buy its German rival TK Elevator in a transaction valued at €29.4 billion ($34.40 billion), creating the world's largest lift maker.