KONE Oyj (KNYJY) Research
KONE Oyj, operating globally with its subsidiaries, specializes in the elevator and escalator industry. The company offers a diverse portfolio of products, including elevators, escalators, and automated building doors. Beyond equipment supply, KONE delivers essential maintenance services, modernization solutions for existing installations, and dedicated residential offerings. Its innovative smart technology suite includes KONE Office Flow, enabling personalized, touch-free access within commercial environments, alongside various health and well-being enhancements for its products. Other intelligent building solutions comprise KONE Residential Flow, designed to optimize the movement of people and goods in residential properties; KONE Access, an integrated access control system; and KONE Destination, a system aimed at reducing waiting and travel times. Furthermore, KONE provides infotainment channels for building communication and comprehensive monitoring solutions for real-time equipment inspection. The company also offers expert people flow planning and consulting services, developing specialized solutions for complex buildings and major projects. KONE Oyj was founded in 1908 and is headquartered in Espoo, Finland.
Market snapshot
- Symbol
- KNYJY
- Price
- $28.16
- Day change
- -0.18%
- Market cap
- $25.4B
- P/E ratio
- 25.91x
- 52-week range
- 27.49-38.291
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Next earnings
- in 27 days
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.
- Finland's Kone Agrees to Buy German Rival TK Elevator in $34.4 Billion Deal
Under the deal, Kone would pay the consortium that owns TK Elevator around €5 billion in cash and up to 270 million newly issued Kone shares.
Peer companies
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