Japanese elevator majors may be lining up for one of Europe’s biggest industry carve-outs.
Mitsubishi Electric and Fujitec are reportedly among potential bidders evaluating parts of TK Elevator’s European business, as KONE works through regulatory requirements linked to its proposed acquisition of TKE.
The European assets could be valued at around €5 billion or more, making the process one of the most closely watched developments in the global elevator industry.
No formal bids have been confirmed yet, and the final scope of the divestment will depend on discussions with European competition authorities.
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