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KONE acquires German elevator company Klostermann Aufzüge GmbH

Press Release Published 07/20/2015

KONE Corporation, press release, July 20, 2015

KONE Corporation, a global leader in the elevator and escalator industry, has acquired Klostermann Aufzüge, a German company providing elevator maintenance and modernization services. Klostermann Aufzüge is based in Herne, North Rhine-Westphalia, and was founded in 1977. The company currently has around 1,300 elevators in service and employs approximately 40 people.

"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, 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".

Previous KONE press releases are available at www.kone.com/press including:
February 23, 2015: KONE acquires German elevator company Janzhoff Aufzüge GmbH

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

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

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