Kone acquires German elevator company
Finnish elevator and escalator specialist Kone Corporation has acquired Klostermann Aufzüge, a German elevator maintenance and modernisation service provider.
“Klostermann Aufzüge has established itself as a trusted service provider and we are eager to continue their work in Germany” says Axel Berkling, managing director of Kone Germany. “The coming together of Kone and Klostermann Aufzüge is a natural fit allowing us to consolidate our position in the market and to be closer to our customers”.
Founded in 1977, Klostermann Aufzüge currently has around 1 300 elevators in service and 40 employees. The company is based in Herne, North Rhine-Westphalia.
In 2014, Kone’s annual net sales were 7.3 billion euros, with over 47 000 employees worldwide at the end of the year.