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KONE Buys 5280 Elevator Inc. in Denver

Press Release Published 09-11-2014

KONE Corporation, press release, Sept. 11, 2014

KONE Corporation (NASDAQ: KNEBV), a global leader in the elevator and escalator industry, today announced the acquisition of 5280 Elevator Inc. of Denver, which specializes in elevator maintenance, repair and modernization.

This acquisition strengthens KONE’s presence in the Denver metro area, by increasing the company’s footprint and diversifying the talent base in the organization. All employees of 5280 Elevator have moved over to KONE, effective Sept. 1.

“We are very excited to welcome our new employees from 5280 Elevator, which has built a great reputation as a customer-focused company that delivers high-quality services,” said Larry Wash, Executive Vice President, KONE Americas. “This acquisition increases our strong position in the important Denver area, broadens our overall base and will allow us to better serve our customers.”

For further information, please contact:
For further information, please contact: Patrick O'Connell, Director, Marketing and Communications, KONE Inc., tel. +1 317 374 4960

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 2015, KONE had annual net sales of EUR 8,6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland.

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