Latest News for KNYJF
The elevator and escalator maker backed full-year guidance despite booking hefty costs related to its planned acquisition of rival TK Elevator, as well as restructuring measures.
Lift maker Schindler sees opportunities to win customers, recruit staff and potentially acquire assets as rivals Kone and TK Elevator seek regulatory approval for their planned merger, Chief Executive Paolo Compagna told Reuters on Tuesday.
Finnish elevator maker Kone said on Wednesday its shareholders have approved the company's planned $34 billion acquisition of German rival TK Elevator (TKE), which is set to create the world's largest lift making group.
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