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KONE acquires Long Elevator & Machine Co. in the USA

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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