Good News from Tue, 08 May, 2012:

Kone buys Eagle Elevator in Minnesota, USA

Kone has bought Eagle Elevator Corporation which is a market leader in Minneapolis market. Kone has bought Eagle Elevator Corporation which is a market leader in Minneapolis market.

Kone has acquired the business of Eagle Elevator Corporation, an independent elevator service company with long history in the Minnesota market. The two parties don’t disclose details of the size of transaction. Eagle and Kone will be combining their elevator operations under the Kone name during the next few months.

Eagle has operated in Minneapolis market since 1990, and it has grown consistently, establishing itself as a market leader. In addition to a solid maintenance base of more than 1,000 units, Eagle does a substantial volume of modernization and repair work.

We are thrilled to be adding great new customers representing the full spectrum of building segments including hospitals, corporate headquarters, universities, hotels, industrial facilities and residential buildings, said Vance Tang, Kone EVP and Area Director for the Americas.

www.kone.com

MM