KONE strengthens its maintenance business in Finland by acquiring thyssenkrupp Hissit Oy

March 01, 2016

KONE Corporation, press release, March 1st, 2016

KONE, a global leader in the elevator and escalator industry, has acquired thyssenkrupp Hissit Oy, a Finnish subsidiary of the German industrial group thyssenkrupp specializing in elevator and escalator maintenance services.

"The acquisition of thyssenkrupp Hissit complements our operations in the Helsinki, Tampere and Turku regions and allows us to further strengthen our position in the Finnish market," says Noud Veeger, Executive Vice President for KONE Central and North Europe. "We welcome this opportunity to provide even better service to our existing and new customers."

Previous KONE press releases are available at www.kone.com/press including:
January 5, 2016: KONE acquires American Capital Elevator Services and strengthens its presence and offerings in the Washington D.C. market
September 2, 2015: KONE acquires its Croatian distributor Lift Modus d.o.o.
July 20, 2015: KONE acquires German elevator company Klostermann Aufzüge GmbH

For further information, please contact:
Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75 4330, media@kone.com

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 Helsinki Ltd. in Finland.
www.kone.com