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The Big Four is becoming the Big Three, with Kone buying TKE. Oligopoly is converging on monopoly. The only way to reverse this is to harmonize with global standards to open our market up to mid-sized European and Asian players. www.kone.com/en/news-and-...

kone.comInside information: KONE and TKE to combine, creating a world-class company in the elevator and escalator industryInside information: KONE and TKE to combine, creating a world-class company in the elevator and escalator industry

Stephen Jacob Smith

@stephenjacobsmith.com

And the antimonopoly movement really has no answer to this. TKE is one of the Big Four, but they were already not very active in much of the US (see: elevatordatabase.com/Massachusetts). Blocking the merger won't fix that. Standards harmonization and regulatory reform are the only way forward.

29/4/26, 10:07 pm0 reposts26 likes

Dan Bertolet

@danbertolet.bsky.social

29 Apr

But it says they'll be "world-class"