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Schindler ready to oppose potential Kone-TK Elevator merger, CEO says
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Schindler ready to oppose potential Kone-TK Elevator merger, CEO says
Mar 24, 2026 8:02 AM

March 24 (Reuters) - Schindler would be ready

to challenge a merger deal between rivals Kone and TK

Elevator before antitrust authorities, the head of the Swiss

lift maker told Reuters on Tuesday.

Schindler CEO Paolo Compagna said a merger 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.

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