@Alex_af_Heurlin1 and @Elina_Lappalainen discussed Kone’s massive deal in particular on the podcast. ![]()
Thirty years ago Antti Herlin’s father was close to selling Kone to the Germans. Now Antti Herlin did the opposite: he bought his German competitor for 29.4 billion euros in the largest corporate acquisition in Finnish history.
As a result of the deal, Kone will become the world’s largest elevator manufacturer and Finland’s second-largest company measured by revenue.
Why is the elevator business so great for owners? Why is Antti Herlin paying an extra billion out of his own pocket on top of the deal? The episode explores the background of the deal, the risks, and Finnish corporate acquisition history.
In the studio, journalists Alex af Heurlin and Elina Lappalainen. The episode was edited by Helmi Sundström.