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, escalator, and people-flow solutions provider

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 €29.4bn merger with TK Elevator and reported strong sales growth and margin expansion in the first half of 2026.

Company announcements

September 10 KONE

KONE engages in sustainability dialogue at CIFIT

The company signed an agreement with Guangzhou's Tianhe District and presented at the China-Finland Trade Forum. Executive Vice President Joe Bao met with Chinese officials.

July 22 KONE

KONE reports strong order growth and continued margin expansion

Orders received rose 10.6% in Q2, adjusted EBIT margin improved to 12.6%, and KONE announced planned TKE combination.

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.

Media coverage

September 14 Dagens PS

Kones TK Elevator acquisition risks falling through

The planned acquisition of TK Elevator for 31.9 billion kronor is threatened by US antitrust reviews and Swiss opposition.

September 5 Ad hoc news

Kone stock holds steady as German acquisition strengthens footprint

Kone stock is trading calmly as of early September 2026, while the Finnish elevator group underpins its long-term profile with the acquisition of Hamburg-based unica...

August 29 Ad hoc news

Kone stock reacts to investor decision on TK Elevator takeover

Kone stock is in the focus following shareholders' approval of the acquisition of TK Elevator, while the market watches the latest share price and the billion-dollar valuation of the...

August 12 Yahoo Finance

US DOJ launches deep antitrust probe into Kone-TK Elevator deal - report

The US Department of Justice (DOJ) has begun a detailed antitrust investigation into Finnish company Kone's planned €29.4bn ($33.91bn) purchase of TK Elevator, a deal...

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