Transaction would mark a successful sale of German company by private equity firms Advent and Cinven

A takeover, which would create a combined entity serving about 9.6mn customers, could be reached within weeks

Transaction would mark a successful sale of German company by private equity firms Advent and Cinven

The combination would create the world’s largest elevator maker and marks one of Europe's biggest takeovers in recent years.

Shares in FTSE 100 company surge more than 14%

Ein Weltmarktführer könnte entstehen: Der finnische Aufzughersteller Kone will den aus Düsseldorf geführten Konkurrenten TK Elevator für fast 30 Milliarden Euro übernehmen. Doch…

Incentives to replace ageing equipment set to help compensate for still-sluggish property sector