Kone unlikely to be interested in ThyssenKrupp or Toshiba lift operations
Kone [HEL: KNEBV], the Finnish lift maker is unlikely to be interested in the lift operations of the German ThyssenKrupp [ETR: TKA] or Japanese Toshiba [TYO: 6502], according to Talouselama.
In an unsourced analysis about the company’s prospects for investors, the item said that for a couple of years, Kone has been rumoured to be interested in acquiring the lift operations of the ThyssenKrupp or Toshiba.
In the last few years, the company has been focusing its M&A on smaller service companies and instead of wider consolidation, it is more likely that Kone's business will benefit from the rise in global economy, the item noted.
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