KONE acquires German elevator company Janzhoff Aufzüge GmbH

February 23, 2015

KONE Corporation, press release, February 23, 2015

KONE Corporation, a global leader in the elevator and escalator industry, has acquired Janzhoff Aufzüge GmbH, a German company providing elevators as well as maintenance and modernization services. Founded in 1945, Janzhoff Aufzüge is based in Dortmund and was previously owned by the Kapp family. The company currently has 2400 elevators in service and employs approximately 100 people.

"We are happy to welcome Janzhoff Aufzüge and its skilled employees to our organization," says Axel Berkling, Managing Director, KONE Germany. "With this acquisition we expect to strengthen our position in the region. It brings a customer base which offers new opportunities in maintenance, modernization and new installations."

Previous KONE press releases are available at www.kone.com/press including:

December 31, 2014: KONE acquires Italian elevator company Manutenzione Installazione Ascensori SpA (MIA)
August 1, 2014: KONE strengthens its presence in East Africa
January 2, 2013: KONE acquires its Israeli distributor Isralift  

For further information, please contact:
Liisa Kivelä, Director, External 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 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.
www.kone.com