Kone Raises Lower End of Full-Year Guidance; TK Elevator Deal on Track
Kone lifted the lower end of its full-year guidance ranges despite continued costs tied to its planned acquisition of TK Elevator. The deal remains on track.
By Dominic ChoppingFinnish elevator and escalator maker Kone lifted the lower end of its full-year guidance ranges despite booking continued costs related to its planned acquisition of German rival TK Elevator.The company announced in April plans to buy TK Elevator for around 20 billion euros ($22…