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KONE acquires Italian elevator company Manutenzione Installazione Ascensori SpA (MIA)

ID: 1327564
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(Thomson Reuters ONE) -

KONE Corporation, press release, December 30, 2014

KONE, a global leader in the elevator and escalator industry, has acquired
Manutenzione Installazione Ascensori SpA (MIA), an Italian elevator company
previously owned by Manutencoop Group. MIA provides maintenance and
modernization services and also sells new equipment. Its operations cover most
of the Italian market with 12 branches and subsidiaries.

"This acquisition strengthens KONE''s presence in the fragmented Italian elevator
market and brings new opportunities in the challenging business environment of
Southern Europe. We are very pleased for MIA and its highly qualified employees
to join us as part of KONE," says Pierre Liautaud, KONE Executive Vice President
and Area Director for West and South Europe and Africa.

Since its foundation in 2008 MIA''s maintenance base has grown to more than
16,000 units. The company employs approximately 160 people.

For further information, please contact:
Liisa Kivelä, Director, External Communications, KONE Corporation, tel.
+358 204 75 4330, media(at)

KONE''s press releases are available at

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 2013, KONE had annual net
sales of EUR 6.9 billion, and at the end of the year over 43,000 employees. KONE

class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: KONE Oyj via GlobeNewswire

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Date: 12/30/2014 - 18:30
Language: English
News-ID 1327564
Character count: 0
Firma: KONE Oyj
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Stadt: Espoo


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