KONE acquires MARVI Elevator group in Spain

KONE acquires MARVI Elevator group in Spain

ID: 40917

(Thomson Reuters ONE) -


KONE Corporation, press release, September 1, 2010

KONE has acquired the Spanish MARVI Elevator group. MARVI installs, maintains
and modernizes elevators in the eastern regions of Spain, and has an assembly
and logistics center in Lérida (Catalonia). The group has approximately 240
employees and a maintenance base of 12,500 units.

"This acquisition strengthens KONE's position in Spain and helps us to improve
our operations in the eastern provinces," says Eric Maziol, EVP and Area
Director for West and South Europe, KONE. "We are proud to add these new
customers and employees to our existing operations in Spain."

MARVI, which was founded in 1965, has experienced strong growth and developed
solid customer relationships over the years. It is one of the market leaders in
the eastern provinces of Spain.

For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358
204 75 4775
Antonia Guillén, Managing Director, KONE Iberica, tel. +34 913 277 050

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 2009, KONE had annual net sales of EUR 4.7 billion
and approximately 34,000 employees. KONE class B shares are listed on the NASDAQ
OMX Helsinki Ltd in Finland. Founded in 1910, KONE celebrates its centennial
anniversary in 2010.




www.kone.com



[HUG#1441969]








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Source: KONE Oyj via Thomson Reuters ONE


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Datum: 01.09.2010 - 13:02 Uhr
Sprache: Deutsch
News-ID 40917
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