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KONE and DORMA to Cooperate in the Door Service Business

Press Release Published 10/05/2004

KONE and the international door systems supplier DORMA have signed an agreement to establish a strategic global alliance with the goal of accelerating the growth of both companies’ automatic building doors business.

KONE and DORMA have identified an opportunity to satisfy the growing international demand for a single-source capability in automatic building door supply and service. The two companies target significant advantages for both themselves and their customers through cooperation that exploits their complementary competencies and service portfolios.

“In DORMA, KONE has a high-grade technology partner capable of significantly strengthening the performance capability of KONE's Automatic Building Door division, particularly in the replacement and spare parts business. DORMA will be able to reach significantly more customers with an integral product and service package through collaboration with KONE’s global organization. In addition, the combination of the two companies’ resources offers an outstanding platform for the successful management of major projects such as airports”, Michel Chartron, Executive Vice President for KONE’s Automatic Building Door division, explains.

DORMA and KONE will launch their alliance in Germany and Finland as pilot markets. The cooperation will then be successively expanded into further markets. This cooperation will not result in any changes in the ownership of either company.

Sender:

KONE Corporation

Tapio Hakakari
Secretary to the Board of Directors

Minna Mars
Senior Vice President,
Corporate Communications & IR

For further information, please contact:
Michel Chartron, Executive Vice President, Automatic Building Door Business, tel. +33 1 47 69 40 71

KONE is a global service and engineering company that specializes in moving people and goods. It comprises two divisions: KONE Elevators & Escalators and Kone Cargotec. KONE Elevators & Escalators sells, manufactures, installs, maintains and modernizes elevators and escalators, and services automatic building doors. Kone Cargotec supplies products and services to facilitate moving and loading cargo. KONE's B shares are listed on the Helsinki Exchanges.

DORMA is a globally active supplier of door technology systems and is world market leader in the door control and room partition sectors. With segmental sales of approx. € 190 million, the "Automatic" division that forms part of DORMA’s core business is the number one in Europe and the number two worldwide in the production and maintenance of automatic doors. DORMA is subdivided structurally into five divisions: Door Control, Automatic, Glass, Security/Time and Access Control (STA), and Movable Walls. The DORMA Group maintains major production plants in several European countries plus Singapore, Malaysia, China and North and South America. The Group realised sales of € 663 million in fiscal 2002/3 (June 30). DORMA has an international workforce of around 5,600 employees. The DORMA Group headquartered in Ennepetal, Germany, operates on an international scale with 70 wholly-owned companies in 44 different countries.

www.konecorp.com
www.dorma.com