### [2026-04-29](/feed/2026/04/29/index.md)

##### Finnish
# Finnish elevator manufacturer Kone announces the acquisition of its German competitor, TK Elevator, in a €29.4 billion (US$34.4 billion) deal, described by Bloomberg L.P. as one of Europe's largest private equity-related takeovers and the largest corporate acquisition in Finland. 




### Sources:

1. [AFP via ''Barron's](https://www.barrons.com/news/finnish-lift-maker-kone-acquires-german-rival-tke-creating-giant-eb949be6)
2. [Bloomberg](https://www.bloomberg.com/news/articles/2026-04-29/finland-s-kone-agrees-to-buy-rival-tk-elevator-for-29-4-billion)

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