Kone weighs TK Elevator assets, shares in Nasdaq Helsinki focus

Finnish elevator group Kone is reported to be considering the acquisition of certain TK Elevator assets, adding a new M&A angle to the stock as trading continues on Nasdaq Helsinki.

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-22, 17:50.

Kone (FI0009013403) appears back on the M&A radar after reports that the Finnish elevator maker is considering acquiring assets of German rival TK Elevator, according to Russian news agency AK&M citing foreign media on June 22, 2026.AK&M report on Kone and TK Elevator The potential deal again sets Kone alongside Schindler and Otis in the global elevator sector while its shares trade on Nasdaq Helsinki.

What AK&M reports on the deal idea

AK&M states that Kone is considering the possibility of acquiring assets of TK Elevator GmbH, a former Thyssenkrupp unit and major player in elevators and escalators worldwide.AK&M report on Kone and TK Elevator The short note, published at 16:11 local time on June 22, cites unspecified foreign media as the source of the information.

The possible transaction would follow years of strategic debate around TK Elevator, which was sold by Thyssenkrupp to a private equity consortium in 2020 at an enterprise value near 17 billion euros, creating one of Kone’s largest competitors alongside Schindler and Otis.Financial Times background on the 2020 TK Elevator sale Any renewed move by Kone toward TK Elevator assets would therefore attract close scrutiny from competition authorities in Europe and beyond.

Strategic angle and sector context

Kone has long positioned itself as one of the three global leaders in elevators and escalators, measured alongside Otis and Schindler, with a focus on service revenues and smart-building solutions.Kone annual review 2025 In its 2025 annual review the group reported over 1.6 million elevators and escalators in its maintenance base worldwide, underlining the scale that would frame any acquisition move.

The TK Elevator portfolio overlaps significantly with Kone’s own activities in Europe, North America and Asia, ranging from new equipment installations to modernization and maintenance contracts across commercial and residential buildings.TK Elevator press material on its global footprint A selective asset deal could therefore aim at strengthening Kone’s regional position or technology offering rather than a full-scale takeover of the entire group.

The business behind the elevators

Kone generates most of its revenue in two main segments: new equipment and maintenance plus modernization, serving high-rise office towers, residential complexes and infrastructure projects such as metros or airports.Kone financial statements 2025 The group reported 2025 sales of 12.1 billion euros with an adjusted EBIT margin of 12.3 percent, highlighting the cash-generative nature of the installed base.

Where the stock trades today

The Kone shares (FI0009013403) last traded on 2026-06-22 at 15:30 on Nasdaq Helsinki at 58.20 euros.

Kone at a glance

• Company: Kone Corporation
• ISIN: FI0009013403
• WKN: A0ET4X
• Ticker: KNEBV
• Trading venue: Nasdaq Helsinki
• Price (as of 2026-06-22, 15:30): 58.20 euros
• Market cap: 30.5 billion euros (as of 2026-06-22)
• Sector / industry: Capital Goods / Building Products
• Index membership: OMX Helsinki 25
• Next earnings date: 2026-07-26

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. All data are based on publicly available sources believed to be reliable, without any guarantee of completeness or accuracy.