KONE acquires British company Express Elevators Ltd.

March 18, 2015

KONE Corporation, press release, March 18, 2015

KONE, a global leader in the elevator and escalator industry, has acquired Express Elevators Ltd (Express), a British company that specialises in the maintenance, repair, modernization and installation of elevators.

Express is based in Yorkshire and located in close proximity to KONE's regional offices in Keighley. The company currently has over 2000 elevators in service and employs approximately one hundred people.

"The acquisition of Express will assist KONE to consolidate and expand in the Yorkshire and surrounding regions in the future", says Michael Williams, KONE Great Britain Managing Director. "I look forward to bringing the fast, reliable and dedicated service of Express to our customer base."

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

February 23, 2015: KONE acquires German elevator company Janzhoff Aufzüge GmbH
December 31, 2014: KONE acquires Italian elevator company Manutenzione Installazione Ascensori SpA (MIA)
August 1, 2014: KONE strengthens its presence in East Africa
January 2, 2013: KONE acquires its Israeli distributor Isralift 

For further information, please contact:
Liisa Kivelä, Director, External Communications, KONE Corporation, tel. +358 204 75 4330, media@kone.com

About KONE
KONE is one of the global leaders in the lift 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.