✉news BusinessBusiness first seen 12 h ago, last 25 min ago, peak #1
Kone weighing sale of TK Elevator's European business
Original: Kone plans TK Elevator Europe sale to address antitrust concerns, sources say
Finnish elevator maker Kone is planning to sell TK Elevator's European operations in order to ease antitrust concerns tied to its pursuit of the business, according to sources cited by Reuters. A divestiture of the European unit would aim to clear regulatory hurdles for a deal combining two of the world's largest elevator and escalator companies, and the report is drawing attention from industry watchers tracking consolidation in the sector.
Why now: A potential major consolidation in the global elevator industry raises competition and regulatory questions that business audiences are following.
Rank over time, top of the chart is #1. 10 snapshots from 12 h ago to 25 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/619778