KONE acquires Spanish elevator company 

27/03/2008

KONE acquired RPG Mantenimiento S.L., an elevator company based in Murcia, Spain.

RPG maintains and modernizes elevators in the Murcia province and in the South West of Spain. It also sells new equipment. The company operates mainly in the residential segment.

The acquisition reinforces KONE’s presence in the Murcia region, which is characterized by important developments for tourism. RPG employs 28 people and has approximately 740 units in its maintenance base.

About KONE

KONE is one of the world’s leading elevator and escalator companies. It provides customers with industry-leading elevators, escalators and innovative solutions for maintenance and modernization. KONE also provides maintenance services for automatic building doors. In 2007, KONE had annual net sales of EUR 4.1 billion and over 32,500 employees. Its class B shares are listed on the OMX Nordic Exchange Helsinki in Finland.

www.kone.com

For further information, please contact:
Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)50 384 9440
or +358 (0)204 75 4501

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