LISLE, Ill., April 8, 2015 /PRNewswire/ -- KONE
Corporation (NASDAQ: KNEBV), a global leader in the elevator and
escalator industry, today announced the acquisition of Advanced
Elevator Technologies, of Boston,
which specializes in elevator maintenance, repair and
modernization, as well as Continental Services LLC, of Defuniak Springs, Fla., which specializes in
elevator maintenance and repair.
The acquisition of Advanced Elevator and Continental strengthens
KONE's presence in the Boston
metro area and the Florida
Panhandle and Southern
Alabama markets, respectively. Both acquisitions
increase the company's overall footprint and diversify the talent
base in the organization.
"We are very excited to welcome our new customers from Advanced
Elevator and Continental Services, both companies have built great
reputations by providing high-quality and customer-focused
services," said Larry Wash,
Executive Vice President, KONE
Americas. "These acquisitions allow us to even better serve
our customers in Boston,
Florida and Alabama markets."
About KONE
KONE is one of the global leaders in the elevator and escalator
industry. KONE'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. KONE provides
industry-leading elevators, escalators, automatic building doors
and integrated solutions to enhance the People Flow in and between
buildings. KONE's services cover the entire lifetime of a building,
from the design phase to maintenance, repairs and modernization
solutions. In 2014, KONE had annual net sales of EUR 7.3 billion and at the end of the year over
47,000 employees. KONE class B shares are listed on the NASDAQ OMX
Helsinki Ltd. in Finland. For more
information regarding this firm see www.kone.us
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SOURCE KONE Corporation
