KONE solidifies presence in the Philadelphia and Harrisburg markets with the purchase of Quality Elevator in the US
KONE Corporation, press release, November 1, 2011
KONE has acquired the assets of Quality Elevator Sales and Service, Inc. in a
deal that will expand KONE's presence in important Pennsylvania markets. Quality
Elevator has two locations; one in Pennsauken, New Jersey which provides
services in the Philadelphia metropolitan area, in the southern part of New
Jersey and Delaware; and another in Dallastown, Pennsylvania which operates in
the Harrisburg, York and Allentown areas.
"Quality and KONE will be combining their elevator operations under the KONE
name during the next few months and we look forward to the addition of these
great new customers and employees," says Vance Tang, EVP and Area Director for
Quality Elevator, founded in 1976, will contribute 35 years of expertise in
elevator installation, maintenance, repairs and modernization to the joint
operations. It currently employs approximately 65 people.
For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel.
+358 204 75 4775
Jeff Eaton, Director, Acquisitions, KONE Inc., tel. +1 925 984 0019 or
Kellie Lindquist, Marketing Manager, KONE Inc., tel. +1 630 955 4202
KONE is one of the global leaders in the elevator and escalator industry. The
company has been committed to understanding the needs of its customers for the
past century, providing industry-leading elevators, escalators and automatic
building doors as well as innovative solutions for modernization and
maintenance. The company'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. In 2010, KONE had annual net sales of EUR 5 billion and
approximately 33,800 employees. KONE class B shares are listed on the NASDAQ OMX
Helsinki Ltd in Finland.
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Source: KONE Oyj via Thomson Reuters ONE