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Finland’s Kone has agreed to buy German rival TK Elevator in a landmark deal valued at 29.4 billion euros ($34.4 billion). The combination would create the world’s largest elevator maker and marks one ...

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Finland’s Kone KNEBV1.03%increase; green up pointing triangle agreed to buy German rival TK Elevator for almost $24 billion in a deal that would create the world’s biggest elevator maker by sales.