KONE Oyj (KNYJF) Research
KONE Oyj operates globally through its various subsidiaries, specializing in the vertical transportation and access solutions industry. The company manufactures and supplies a comprehensive range of lifts, escalators, and automated building doors. Beyond equipment provision, KONE extends its services to include vital maintenance programs, innovative modernization initiatives, and specialized residential offerings. A significant part of its business focuses on smart building technology. KONE's advanced digital portfolio features KONE Office Flow, a connected platform enabling personalized, touch-free user experiences. It also offers integrated health and well-being enhancements for its elevators, escalators, and doors. Other intelligent solutions encompass KONE Residential Flow, designed to optimize the movement of people, goods, and information within residential complexes; KONE Access, an integrated access control system seamlessly linked to elevator operations and building entrances; KONE Destination, a sophisticated dispatch system engineered to minimize waiting times and travel durations; KONE Infotainment, a digital communication channel for building occupants and visitors; and robust monitoring tools providing real-time insights into elevator and escalator performance. Furthermore, KONE provides expert consultancy in people flow planning and delivers bespoke solutions for complex structures and large-scale projects. Established in 1908, KONE Oyj maintains its corporate headquarters in Espoo, Finland.
Market snapshot
- Symbol
- KNYJF
- Price
- $56.80
- Day change
- 0.00%
- Market cap
- $25.4B
- P/E ratio
- 25.94x
- 52-week range
- 54.2-74.11
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Next earnings
- in 1 month
Recent news
- Kone shareholders back $34 billion TKE takeover plan
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.
- Kone's new TK Elevator deal comes amid climate change on European champions
Brussels' antitrust rules have already once helped derail an attempt to create the world's top lift maker, but Kone's proposed new tie-up with TK Elevator shows the Finnish group is banking on a change in Europe's approach to forging regional champions.
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