Latest KONE Corporation News & Updates

See the latest news and media coverage for KONE. We track all announcements, press releases, and industry mentions in real time, all in one place.

KONE Corporation (KONE)

Elevator and escalator company

kone.com

Headquarters: Espoo, Finland
Founded year: 1910
Company type: Public company
Number of employees: 35,000+
Industry: Heavy Electrical Equipment

Last updated Today

Latest news about KONE Corporation (KONE)

In short: KONE agreed to a major €29.4 billion merger with TK Elevator and reported strong financial growth with improved margins through H1 2026.

Company announcements

June 10 KONE

KONE introduces VAELLA as its first spin-out company

VAELLA develops technology based on KONE's Station Twin, a 3D replica of locations like metro stations to monitor people movement and hazards.

June 3 KONE

KONE's EGM approved TK Elevator transaction resolutions

Authorization for 270M share issuance and two new board members elected, conditional on closing.

May 12 KONE

KONE convenes Extraordinary General Meeting for TK Elevator acquisition

The meeting will consider authorizing up to 270 million new class B shares and elect two new board members.

May 7 KONE

KONE opens new R&D center in Ústí

It strengthens R&D capabilities and supports a resilient European supply chain. The team is congratulated.

Media coverage

July 25 AK&M

Finnish Kone plans to acquire assets of German TK Elevator

Finnish elevator company Kone Oyj is considering the possibility of acquiring rival German TK Elevator GmbH. This is reported by foreign media. Kone has engaged...

July 22 Seeking Alpha

KONE Oyj reports Q2 EPS €0.46, revenue €2.94B

Orders received grew 10.6% to €2.56B, and operating income was €322.2M.

July 21 Dagens industri

The Finnish engineering company's order intake was boosted

The Finnish engineering company Kone, which manufactures among other things elevators and escalators, reports an adjusted operating profit of 370 million euros for the...

July 13 PitchBook

European M&A proves more resilient than global peers despite ECB rate hike

Deal value fell less steeply than in North America, as sponsors and corporates alike chase higher returns in a fragmented market.

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