Full-Time
Product Owner
Data Governance Technologies
Posted on 11/23/2025
KONE
10,001+ employees
Manufactures and maintains elevators, escalators, doors
No salary listed
Pune, Maharashtra, India
In Person
 Product (1) |
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- Responsible for working with stakeholders to define the product roadmap, prioritize new features and improvements, with focus on realizing maximum value from product investments through the product life cycle.
- Accountable & Responsible for setting up the overall product performance KPIs and targets including for operations and IT activities related to benefit realization. Responsible for regularly following the KPIs and communicating them to key stakeholders.
- Accountable & Responsible for collecting and clarifying the needs of stakeholders and target users and translating them into product backlogs. In this process, take responsibility for or contribute to product functional and/or technical designs, where applicable.
- Accountable and responsible for prioritizing the product backlogs and planning their execution, taking account product roadmaps, OKRs and lifecycle needs. Accountable for successful execution of the plans. Apply incremental and iterative development and learning driven development principles.
- Accountable for ensuring that the product operations in deployed environments are planned in-line with the product value proposition, current target users, Deployment environments and IT level operations strategy. Ensure that the plans are fit-for-purpose and are updated to ensure continuity when there are changes to these aspects.
- Accountable to ensure that the product operations and performance are as planned, and timely corrective actions are taken when needed. Follow and address technical debt in the product to ensure continued and sustained operations.
- Responsible for supporting the relavant stakeholdersin the deployment of implemented features .
- Responsible for following the product usage and the changes to the target user base and ensure that product operations are accordingly adjusted.
- Apply agile and DevOps principles to maximize the flow of value and responsiveness. Uses feedback loops to understand stakeholder and user needs and use that knowledge while planning and executing.
- Where applicable, accountable to provide necessary guidelines and instructions to stakeholders to use the products and ensure that the instructions are followed.
- Responsible for managing the financial aspects of the product lifecycle taking the Total cost of ownership across the lifecycle into account- including development costs, license costs, run costs etc.
- Guides team members where needed on functional and/or technical matters. Takes help from the key members in the team, as needed. Collaborates with other agile teams to plan the dependencies and joint development.
- Promotes continuous improvement to the product and ways of working within the agile team. Actively contributes to development initiatives within own tribe and department.
KONE designs, manufactures, installs, maintains, and modernizes elevators, escalators and automatic building doors for buildings worldwide. Its products move people and goods between floors in residential, commercial, and public spaces, enabling vertical transportation and safe access. Revenue comes from selling new equipment and from long-term service contracts for ongoing maintenance and modernization, creating both upfront and recurring income. What sets KONE apart is its ability to provide end-to-end solutions and a global service network, a strong emphasis on energy efficiency and sustainable design, and a broad portfolio that covers equipment, modernization, and door systems. The company’s goal is to support urban development by delivering reliable, energy-efficient vertical transportation and access solutions that improve people flow in modern buildings.
Company Size
10,001+
Company Stage
IPO
Headquarters
Espoo, Finland
Founded
1910
Simplify's Take
What believers are saying
- €700 million annual synergies from combined operations and cross-selling opportunities.
- Geographic expansion into North and South America reduces China market dependency.
- €250 million EIB financing accelerates next-generation R&D through 2029.
What critics are saying
- EU antitrust authorities likely block merger due to 35-40% combined market dominance.
- German unions block synergy realization, forfeiting €200-300M of €700M target.
- China construction slowdown erodes 20% of revenue, offsetting TKE synergies.
What makes KONE unique
- TK Elevator acquisition creates €20B+ revenue global leader with 13.4% EBIT margin.
- Service and modernization now 67% of revenue, providing recurring high-margin income streams.
- AI-powered predictive maintenance identifies 80% of issues before failure occurs.
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Benefits
Flexible Work Hours
Remote Work Options
Commuter Benefits
Company News
KONE reports higher Q1 sales, announces deal to combine with TKE. Xinhua 29 Apr 2026, 17:15 GMT+ HELSINKI, April 29 (Xinhua) - Finnish elevator and escalator manufacturer KONE Corporation reported higher sales and improved profitability in the first quarter of 2026, driven by growth in its service and modernization businesses, the company said on Wednesday. KONE's sales rose 1.3 percent year-on-year to 2.71 billion euros (3.17 billion U.S. dollars) in the January-March period. At comparable exchange rates, sales increased by 6.7 percent. KONE President and CEO Philippe Delorme described the start of the year as "solid," despite geopolitical tensions linked to the conflict in the Middle East. He noted that business disruptions have so far been limited but warned that the impact could become more pronounced in the coming quarters if the conflict persists. According to the company, the global market for new building solutions declined slightly in the first quarter, while service and modernization markets expanded across all regions. Local media reports indicate that China accounts for about 20 percent of KONE's global revenue and remains its largest single market. Also on Wednesday, KONE announced an agreement to combine with German elevator and escalator manufacturer TK Elevator (TKE) in a cash-and-share transaction. The deal aims to create a major global player in the industry and is subject to regulatory and shareholder approvals. It is expected to close no earlier than the second quarter of 2027.
Comment / these 8 things about Kone's mega-deal must be known. The price tag of Kone's corporate acquisition is staggering, and Finnish business leaders have often returned from Germany with their tails between their legs. However, the over 29 billion euro deal has been prepared with exceptional patience, writes editor-in-chief Jussi Kärki. Today at 15:30 Jussi Kärki Finland's largest corporate acquisition has many positive aspects. 1. A Finnish company is for once in the driver's seat when major corporate deals are being executed. Kone is buying TK Elevator's elevator and escalator company for 29.4 billion euros. 2. Kone's main owner Antti Herlin is realizing what has been much discussed lately at EK in Eteläranta. Finnish owners must more boldly seek growth and also be willing to take risks. 3. Kone has shown rare long-termism and persistence, as the elevator company has long sought to acquire ThyssenKrupp. Six years ago, Kone failed to buy Thyssen's elevators, and the German company ended up with two investment firms, Advent and Cinven. 4. With the mega-deal, Kone expands into North and South America, where TK Elevator is a strong company. This brings geographic diversification, as new construction in China remains sluggish. 5. Sales of new elevators are flat for large elevator companies largely due to China. The importance of maintenance in earnings is growing, and the acquired TK Elevator is a major player in elevator modernization, for example in the USA. Problems may arise in the long run. 1. Germany is a difficult country. Many Finnish companies have felt this in their bones, examples include Fortum/Uniper, Nokia/Siemens, Sonera's UMTS deals. 2. Germany's trade union movement is strong when overlaps need to be dismantled after the acquisition and synergies sought, which this time have been estimated as very large. 3. The corporate acquisition will be a long process before authorities approve it and the companies can really move into the implementation phase. In summary: Kone and Antti Herlin are making a bold move. It is good to take a cue from this in Finland, which has sunk into apathy, more broadly.
Finland's largest corporate deal is realized - Kone buys TK Elevator. The historic deal is realized as Kone acquires TK Elevator with an enterprise value of 29.4 billion. The merger is expected to close earliest next year. Today at 8:28 Today at 10:25 Perttu Räisänen Iina Niskanen Juuso Parviainen Elevator company Kone is buying German TK Elevator from an investor consortium led by Advent and Cinven with an enterprise value of 29.4 billion. With the transaction, Kone acquires Vertical Topco II, which owns all of TK Elevator's business and its direct and indirect subsidiaries. In the arrangement, Vertical Topco I S.A. receives five billion euros in cash and up to 270 million new Kone B-shares, both subject to possible adjustments. Based on Kone's closing price on the previous trading day, the maximum value of the share consideration is about 15.2 billion euros. This would represent about 33.8 percent of all Kone shares and 18.3 percent of the company's voting power after the deal closes. The merger is expected to generate significant added value for both customers and shareholders, particularly through operational synergies. These cooperation benefits are estimated to reach about 700 million euros annually. The completion of the purchase requires regulatory approvals and approval from Kone's extraordinary general meeting, which is scheduled to convene in June 2026. Kone estimates obtaining the necessary approvals without jeopardizing the strategic goals of the arrangement. The transaction is expected to close no earlier than the second quarter of 2027. This is the largest corporate acquisition in Finland's history. The company grew stronger than expectations. Before announcing the TK Elevator deal, Kone published its interim report for January-March. The company grew stronger than expected, while earnings largely met forecasts. New orders did not develop as favorably as analysts had anticipated. Kone's revenue increased to 2,708 million euros from 2,672 million euros in the same period the previous year. Analysts had on average expected 2,690 million euros, according to data service Vara Research. On a comparable currency basis, revenue grew 6.7 percent, while analysts had forecast 4.8 percent. Adjusted operating profit rose to 294 million euros from 280 million euros in the comparison period, while expectations were for 295 million euros. The adjusted operating profit margin was 10.8 percent. In the comparison period, the figure was 10.5 percent. With analysts' forecasts, it would have been 11.0 percent. The news has been updated comprehensively on 29.4.2026 at 9:05 AM after the deal was announced. Added Kone's interim report information at 10:05 AM and information on previous corporate acquisitions at 10:25 AM.
The European Investment Bank is lending €250 million to Finnish elevator and escalator company KONE to support research and innovation in building mobility technologies. The financing will fund development of next-generation elevators, escalators and intelligent people-flow solutions between 2026 and 2029. KONE, headquartered in Espoo, reported sales of €11.2 billion in 2025 and operates globally in building solutions, service and modernisation. The programme will focus on improving safety, performance and energy efficiency whilst developing technologies for managing people flow in urban environments. Research activities will primarily take place in Finland and Italy, maintaining highly skilled engineering jobs in Europe. The loan is part of the EIB's TechEU initiative, supporting European companies developing advanced technologies to strengthen industrial competitiveness.
Bloomberg: Kone wants to buy TK Elevator in the coming weeks - owners' valuation 25 billion euros. The owners of German elevator manufacturer TK Elevator would value their company at $25 billion, writes news agency Bloomberg citing anonymous sources. Today 19:53 today 20:08 Elevator company Kone is in discussions to acquire German elevator company TK Elevator, financial media Bloomberg writes citing anonymous and knowledgeable sources on the matter. Kone has previously been reported to be considering making an offer for the company. Earlier it had not been reported that discussions about a deal were underway. Nor about the details of the deal. The following information is based on Bloomberg's anonymous sources. According to the financial media, Kone would make an offer for TK Elevator in which part of the purchase price would be paid in cash and part in shares. TK Elevator's owners have estimated the company's value at $25 billion. Kone's market value is €29.8 billion on the Helsinki Stock Exchange. Kone would want to conclude the deal "in the coming weeks," but TK Elevator's owners continue to explore the possibility of an IPO in addition to the sale. There has been turbulence in the stock markets due to the offensive war started by the United States and Israel against Iran. The turbulence has made TK Elevator's owners more open than before to selling the company, Bloomberg writes citing its sources. According to sources, the realization of the deal is not certain. TK Elevator's owners, Kone, and TK Elevator did not comment to Bloomberg on the matter. Kauppalehti tried to get a comment from Kone on the matter, but the company's representatives did not comment or answer calls. Typically, listed companies do not comment on matters related to potential deals. The deal fell through in 2020. Kone has been pursuing TK Elevator for quite some time. The company wanted to buy the business from Thyssenkrupp in 2020, but the German industrial giant sold the business to private equity firms Advent International and Cinven for €17.2 billion. The private equity firms still own the company. Additionally, Saudi Arabia's state fund Alat has come in with a 15 percent stake in the company. TK Elevator was valued at €23 billion in the deal, Bloomberg reported at the time. One concern of Thyssenkrupp's board was the competition authorities' stance on the deal in 2020. If Kone had gotten Thyssenkrupp's elevators, it would have become larger than United Technologies, known for its Otis elevators, or Schindler. The latter's board member Alfred Schindler commented at the time to news agency Reuters that they would not accept being pushed out of the markets. He threatened to file lawsuits against Kone if the deal had gone through. According to TK Elevator's website, the company's turnover was €9.2 billion and adjusted operating profit €1.4 billion in the fiscal year 2025. Kone's figures were €11.2 billion and €1.4 billion, respectively.