–Kone Oyj is in talks to buy German competitor TK Elevator, aiming to reach a deal in the coming weeks, Bloomberg reports, citing unnamed sources.
–The Finnish company is working with advisers on a potential cash and stock deal for the elevator maker, whose private-equity owners have sought a valuation of as much as 25 billion euros ($28.77 billion) including debt, according to Bloomberg.
–Kone and TK Elevator declined to comment.
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Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
03-17-26 0325ET