KONE acquires Acre Lifts Limited in London

December 11, 2012

KONE Great Britain press release, December 11, 2012

KONE has acquired Acre Lifts Limited, an independent lift service company based in south London. With a strong reputation, Acre Lifts Limited will continue to operate as an independent company under its current name.

Michael Williams, Managing Director of KONE Great Britain, comments, “Acre Lifts Limited has built an enviable reputation in its chosen markets and this acquisition will mutually complement KONE’s existing business in the South East of England. We look forward to working together."

Acre Lifts Limited has been in business for over 20 years and employs over 70 people specialising in lift maintenance and modernisation.

For further information, please contact:

Michael Williams, Managing Director or Ged Loty, Finance Director

About KONE
KONE is one of the global leaders in the lift and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading lifts, escalators and automatic building doors as well as innovative solutions for modernisation 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.