German business magazine WirtschaftsWoche reported last week that KONE (OTCPK:KNYJF) approached ThyssenKrupp (OTCPK:TYEKF) for a merger late last year.
Since there's no such thing as a equal merger, KONE suggested that they would control the combined company and leverage the existing businesses. ThyssenKrupp however rejected the offer and told that they consider Elevators Technology as a core business for parent company ThyssenKrupp and wouldn't want to give out the controls after the merger.
Later on in this article it's quite clear why at the moment ThyssenKrupp rejected the offer. But if these companies would combine they would create the world's largest E&E company.
Measured by sales it would be 40% bigger than the next competitor OTIS elevators. KONE clearly sees the value what the German rival can offer and since the merger wouldn't happen right now, they bought yet another subsidiary from ThyssenKrupp.
Nenhum comentário:
Postar um comentário