Here are Aapeli’s fresh comments regarding the rumored merger of KONE and TK Elevator. ![]()
Quite a lot of whining and threatening from the Swiss boys, unfair, breaking market hegemony… Even disruption…
Well, competitive situations are examined by market area and divestments are ordered. But public threatening everywhere is a clown show.
Of course, another matter is the profitability of the entire Kone+TK merger, and generally the resources for its implementation.
Schindler’s public bluster is likely to lower TK’s value. At the same time, TK’s owners have to consider where a potential sale would lead…
Is it easier to list, sell in parts, or just wait?
A merger between the two companies would create the world’s largest lift maker, trouncing current number one OTIS and second-largest Schindler.
Schindler CEO Paolo Compagna said the deal would be a “bloodbath” bound to disrupt the industry, as the world’s third- and fourth-largest lift manufacturers would need to fit together overlapping customer bases, production sites and teams.
“I’m sure that we would not be the only one going and making sure that this antitrust will be checked in every possible country,” Compagna said in the interview
Complaint and authority processes are an integral part of various industries when the world’s leading players operate with each other. Even strong rhetoric related to these is not “child’s play” but carefully considered influencing. And the list of processes still lacks various legal processes, which, for example, tech giants encounter almost every time they make a bigger move or a new opening.