KONE acquires Eagle Elevator in Minneapolis, Minnesota, USA

KONE acquires Eagle Elevator in Minneapolis, Minnesota, USA

ID: 141819

(Thomson Reuters ONE) -


KONE Corporation, press release, May 2, 2012

KONE has acquired the business of Eagle Elevator Corporation, an independent
elevator service company with a very strong reputation in the Minnesota market.
Eagle has operated in the attractive Minneapolis market since 1990. Under the
capable leadership of John Corbo and Kim and Paul Nordenstrom, Eagle has grown
consistently, establishing itself as a market leader. In addition to a solid
maintenance base of more than 1,000 units, Eagle does a substantial volume of
modernization and repair work.

Eagle and KONE will be combining their elevator operations under the KONE name
during the next few months. "We are thrilled to be adding great new customers
representing the full spectrum of building segments including hospitals,
corporate headquarters, universities, hotels, industrial facilities and
residential buildings," said Vance Tang, KONE EVP and Area Director for the
Americas.

"The combined Eagle and KONE teams welcome the opportunity to continue to offer
outstanding service to Eagle and KONE customers. We also offer a warm welcome to
the new team members from Eagle Elevator who will be bringing a broad range of
valuable talents and many decades of collective experience to KONE through this
acquisition," Tang concludes.



For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel.
+358 204 75 4775
Jeff Eaton, Director, Acquisitions, KONE Inc., tel. +1 925 984 0019 or
Kellie Lindquist, Marketing Manager, KONE Inc., tel. +1 630 955 4202

About KONE
KONE is one of the global leaders in the elevator and escalator industry. The
company has been committed to understanding the needs of its customers for the
past century, providing industry-leading elevators, escalators and automatic
building doors as well as innovative solutions for modernization and




maintenance. The company's objective is to offer the best People Flow®
experience by developing and delivering solutions that enable people to move
smoothly, safely, comfortably and without waiting in buildings in an
increasingly urbanizing environment. In 2011, KONE had annual net sales of EUR
5.2 billion and on average 35,000 employees. KONE class B shares are listed on
the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: KONE Oyj via Thomson Reuters ONE
[HUG#1608013]


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Datum: 02.05.2012 - 15:31 Uhr
Sprache: Deutsch
News-ID 141819
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