The Spanish elevator company provides installation, maintenance and modernisation services. Ascensores R Casado currently has over 1 300 elevators in service.
“Madrid represents a key market for KONE in Spain and this acquisition will strengthen our market position in the region,” says Pierre Liautaud, executive vice president for KONE South Europe, Middle East and Africa. “We welcome all the employees and customers of Ascensores R Casado to KONE.”
The development follows last week’s news that the Finnish company has strengthened its position in Hong Kong.