Kone's €29.4 billion takeover of TK Elevator was never going to sail through quietly, and this week proved it.
On 7 October, Singapore's Competition and Consumer Commission opened a public consultation on the deal.
The same week, Reuters reported that Kone now plans to sell off TK Elevator's entire European business, more than a quarter of TKE's turnover, before regulators let the merger close.
Schindler has said it will look at buying the pieces Kone has to give up.
Industry analysts expect a private equity firm to end up with it instead, with estimates of its value ranging from roughly €2.1 billion to over €7 billion depending on whom you ask.
💡 Two of the industry's giants are becoming one, and the part of the business that does not fit is already being sold off in a hurry to satisfy a regulator.
For independent AMC companies and smaller service businesses, mergers like this rarely trickle down the way the press release suggests.
What moves first is service contracts changing hands, technicians and spares supply chains getting reshuffled, and customers who serviced lifts with TKE wondering who answers the phone next year.
👉 If you run an AMC book today, this is worth watching.
Not because it changes anything about your business this week, but because every big-elevator-company merger eventually produces displaced contracts that someone local has to pick up.
Are you seeing any movement yet among the OEM-serviced buildings in your market?
#LiftIndustry #ElevatorBusiness #KONE #TKElevator #VerticalTransportation