Posts Tagged ‘Kone’
KONE and TKE to combine, creating a world-class company in the elevator and escalator industry
KONE Corporation and a consortium led by Advent and Cinven, through their jointly controlled holding company Vertical Topco I S.A., have entered into an agreement to combine KONE and TKE in a cash and share transaction.
This industry-revitalizing transaction brings together two exceptional global businesses with highly complementary geographic footprints and innovation platforms. The combined group would have a balanced global presence, leading service and modernization capabilities, and the resources to accelerate the development of new solutions and digital services. As such it would be in a better position to meet its customers’ rising demand for safe, sustainable and data driven urban vertical transportation solutions. The combination would offer substantial value creation from realized synergies, estimated to be approximately EUR 700 million on an annual run-rate basis, benefitting customers and shareholders alike.
Read full announcement (external link)
Originally published on 29 Apr
Read MoreEIB lends €250 million to KONE for next-generation elevators and smart people-flow technologies
The European Investment Bank (EIB) is lending €250 million to Finnish elevator and escalator company KONE to accelerate research, development and innovation in advanced building mobility technologies. The financing will support the development of next-generation elevators, escalators, auto-walks and intelligent digital solutions designed to optimise the movement of people in modern buildings and urban environments.
The EIB loan will support KONE’s research and innovation programme between 2026 and 2029. The activities focus on improving safety, performance and energy efficiency in elevators and escalators, while developing intelligent technologies that help manage people flow in increasingly complex urban environments.
Read full announcement (external link)
Originally published on 23 Apr
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