Would you like to explore our corporate site or visit your local website?

Stay on Corporate site

Would you like to browse the solutions available in your area and the local contact information? Please go to your local website.

Your suggested website is

United States

Go to your suggested website

We use cookies to optimize site functionality and to give you the best possible experience while browsing our site. If you are fine with this and accept all cookies, just click the 'Accept' button. You can also review our privacy statement.

Back to top

KONE acquires Spanish elevator company TECAS S.A.

Press Release Published 13/11/2008

KONE acquired TECAS S.A., a Spanish elevator company based in Valencia, Spain. TECAS maintains elevators, sells new equipment and is specialized in elevator installations for existing buildings.

The acquisition strengthens KONE’s position in the third largest metropolitan area in Spain. The acquisition also generates synergies, which enable KONE to improve its maintenance and modernization operations in the region.

TECAS has over 1,100 elevators in its maintenance base. Its operations will be integrated to KONE’s current operations in the Valencia region.

About KONE

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 its customers with industry-leading elevators, escalators and innovative solutions for modernization and maintenance, and is one of the global leaders in its industry. In 2007, KONE had annual net sales of EUR 4.1 billion and over 32,500 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com

For further information, please contact:
Anne Korkiakoski, Executive Vice President, Marketing & Communications, tel. +358 (0)204 75 4775 or +358 (0)50 674 11