KONE : Toshiba looking to exit the elevator business, KONE is a natural candidate
>Toshiba announced yesterday it plans to pull out of the elevator business - As part of its reorganisation, Toshiba yesterday announced that it plans to pull out of the elevator business. This activity is expected to generate sales of € 1.8bn in 2021.Explaining the rationale for this decision, Toshiba said that links with the group’s focus areas are limited. According to Toshiba, a sale to a third party will enable the group’s business to: i/ grow internationally...KONE is an elevator and escalator industry group based in Finland. Co. is engaged in the provision of products and services for the installation, modernization and maintenance of elevators, escalators and automatic building doors. Co. provides its products and services throughout the entire lifecycle of the equipment, beginning from the installation of new equipment to the maintenance and modernization during their lifecycle and the full replacement of the equipment. Co.'s customers are active in industry segments such as residential, office, retail, public transportation, hotel, hospital, and marine.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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