KONE acquires City Elevator Company in the USA
Business in the New York metropolitan area is set to get a lift for Finnish elevator and escalator manufacturer KONE, after it acquired City Elevator Company.
With the acquisition KONE seeks to add depth and talent to its operations in the area. City Elevator has been operating in Greater New York since 2002, and has since grown into a reputable full service provider in the market.
“The New York metropolitan area represents a key market for KONE in the US and we are excited to welcome the City Elevator Company employees and customers,” says Larry Wash, executive vice president for KONE Americas. “The acquisition of City Elevator, a company with a strong reputation and large talented workforce, both strengthens our market position and supports our larger goal of offering the most innovative people flow solutions to our customers.”
Hot on the heels of this development, KONE also announced it has won a deal to modernise and maintain escalators at Stockholm metro in Sweden. Installation work is set to begin in April next year, with completion scheduled for mid-2018.
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