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UK Competition Watchdog Seeks Comments on TK Elevator Topco's Takeover by Kone

MT Newswires·09/22/2026 02:41:50
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02:41 AM EDT, 09/22/2026 (MT Newswires) -- The UK Competition and Markets Authority invited comments from interested parties regarding elevator and escalator maker Kone's (KNEBV.HE) purchase of German peer TK Elevator. The regulator said that the feedback, which aims to evaluate the transaction's impact on UK competition, is part of its information-gathering process, according to a Tuesday notice. The competition watchdog noted that it has not yet launched a formal investigation into the deal.