Month: September 2019

The Elevator Market Is Being Cornered

BloombergOpinion Analysis By Chris Bryant | BloombergSeptember 10 at 7:47 AM Ever since humans first rode in an elevator more than a century ago we’ve been afraid of getting stuck in one (or worse). The related requirement that these modern marvels are serviced and upgraded regularly is pretty handy for industry leaders Otis, Kone Oyj, Schindler and Thyssenkrupp
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Kone explores partnership to bid for Thyssenkrupp elevator business: sources

Kone explores partnership to bid for Thyssenkrupp elevator business: sources Christoph Steitz, Edward Taylor, Tom Käckenhoff, Arno Schuetze 4 Min Read FRANKFURT/DUESSELDORF, Germany (Reuters) – Finland’s Kone (KNEBV.HE) is considering teaming up with a private equity partner to bid for Thyssenkrupp’s (TKAG.DE) elevator business, three people familiar with the matter said. Kone has long been
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Thyssenkrupp CEO Prefers Minority Sale for Elevator Unit

By Aaron Kirchfeld, William Wilkes, and Eyk Henning, ‎September‎ ‎6‎, ‎2019‎ ‎1‎:‎02‎ ‎PM‎ ‎PDT Sale of 49% to buyout firm would raise cash, avoid antitrust Rival Kone continues pursuit of 15 billion-euro division Thyssenkrupp AG Chief Executive Officer Guido Kerkhoff has signaled to private equity suitors he prefers selling only a minority stake in its
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