KONE acquires its Croatian distributor Lift Modus d.o.o.

September 02, 2015

KONE Corporation, press release, September 2, 2015

KONE Corporation, a global leader in the elevator and escalator industry, has acquired its authorized distributors in Croatia (Lift Modus d.o.o.) and Bosnia (Lift Modus d.o.o. Sarajevo). A new equipment market leader in Croatia, the Zagreb-headquartered Lift Modus d.o.o. has been KONE's exclusive distributor since 1999. Lift Modus currently has around 1,600 elevators and escalators in service and the company employs around 60 people.

"With the acquisition of Lift Modus, we are very pleased to establish our presence in Croatia and Bosnia and take advantage of the growth opportunities in the region," says Pierre Liautaud, Executive Vice President and Area Director for KONE West and South Europe and Africa.

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