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.
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Elevator and escalator company
kone.comLast updated
In short: KONE reached a €29.4 billion agreement to merge with TK Elevator and reported solid 2025 financial results with a positive 2026 outlook.
VAELLA develops technology based on KONE's Station Twin, a 3D replica of locations like metro stations to monitor people movement and hazards.
Authorization for 270M share issuance and two new board members elected, conditional on closing.
The meeting will consider authorizing up to 270 million new class B shares and elect two new board members.
It strengthens R&D capabilities and supports a resilient European supply chain. The team is congratulated.
The megadeal also raised critical questions among some shareholders, says Perttu Räisänen in Talousaamu.
Shareholders of Finnish elevator manufacturer Kone have approved the company's planned large-scale acquisition of Germany's TK Elevator at an extraordinary general meeting. The deal, unveiled...
Kone Oyj’s business model centers on designing, manufacturing, installing and servicing elevators, escalators and automatic building doors for residential, commercial and infrastructure projects worldwide. A...
Kone is part of the 187-title investment universe of the short-term trader. In the major trend analysis from May 20, 2026, the title ranked from rank 65 on...
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