Finnish elevator-maker Kone is interested in industry consolidation, its chief executive said on Thursday when asked about a report on M&A talks between Kone and Germanyæs Thyssenkrupp.
"As said before, there is room for consolidation in the industry, and it is interesting to us," CEO Henrik Ehrnrooth told a news conference.
"There are many alternatives to do it. There are plenty of middle-sized companies, some larger, and then a lot of small companies."
He declined to comment a recent report by German daily Handelsblatt, which said large shareholders of Thyssenkrupp and Kone had held talks on a potential merger of their elevator businesses. (Reporting by Jussi Rosendahl, editing by Gwladys Fouche)