KONE acquires Long Elevator & Machine Co. in the USA

KONE acquires Long Elevator & Machine Co. in the USA

ID: 56079

(Thomson Reuters ONE) -


KONE Corporation, press release, July 1, 2011

KONE has acquired Long Elevator & Machine Co., Inc., an independent elevator
company with operations in St. Louis, Missouri; Gary, Indiana; Peoria, Illinois;
Springfield, Illinois and Chicago, Illinois. This acquisition further improves
KONE's strong position in each of those markets.

Long Elevator and KONE will be combining their operations under the KONE name
during the coming months. "We are thrilled to be adding great new customers and
employees in these markets where KONE has already established strong
capabilities and customer loyalty," says Vance Tang, EVP and Area Director for
KONE Americas.

Long Elevator & Machine Company, established in 1929, is privately owned and is
focused on elevator maintenance, repairs and modernization. They currently
employ 90 people.

Under the capable leadership of Pat, Warren and Mike Long, the company has
consistently grown their elevator maintenance business by delivering good
customer service. "The combined Long - KONE teams welcome the opportunity to
deliver outstanding service to all existing and future customers. We also offer
a warm welcome to the new team members from Long Elevator who will be joining
KONE through this acquisition," Tang concludes.

For further information, please contact:
Liisa Kivelä, Director, External Communications, KONE Corporation, tel.
+358 400 308484
Jeff Eaton, Director, Acquisitions, KONE Inc., tel. +1 925 984 0019

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 2010, KONE had annual net sales of EUR 5 billion and
approximately 33,800 employees. KONE class B shares are listed on the NASDAQ OMX
Helsinki Ltd in Finland.

www.kone.com







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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
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originality of the information contained therein.

Source: KONE Oyj via Thomson Reuters ONE

[HUG#1528008]


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Bereitgestellt von Benutzer: hugin
Datum: 01.07.2011 - 21:09 Uhr
Sprache: Deutsch
News-ID 56079
Anzahl Zeichen: 3025

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