TK Elevator

Finnish elevator maker Kone is preparing to sell TK Elevator's European business in an effort to address antitrust concerns tied to its acquisition, according to sources cited by Reuters. Divesting the European operations would aim to satisfy competition regulators reviewing the deal, which combines two major players in the elevators and escalators market.

Finland's Kone is preparing to sell TK Elevator's European business to address antitrust concerns linked to its planned acquisition, according to Reuters sources. The move aims to reassure competition regulators that the deal will not give the combined company excessive control of the European elevator market, and it could prove decisive for whether the transaction is approved.