KONE Finalizes Sale of Forest Machines Business to Komatsu

Stock Exchange Release Published 31/12/2003

KONE entered into an agreement for the sale of its forest machines operations, Partek Forest, to Komatsu Ltd. of Japan on November 3, 2003. The terms and conditions of the contract have been fulfilled, and the transaction was closed on December 31, 2003.


KONE Corporation

Tapio Hakakari
Secretary to the Board of Directors

Klaus Cawén
Executive Vice President

For additional information:
Klaus Cawén, Executive Vice President, KONE, tel. +358 (0)400 709 148
Kari Heinistö, Senior Executive Vice President, KONE Materials Handling, tel. +358 (0)400 530 820

KONE is a global service and engineering company that specializes in moving people and goods. Annual net sales total EUR 5,500 million, and we employ nearly 35,000 people. KONE's B shares are listed on the Helsinki Exchanges.


2003-12-31 KONE Finalizes Sale of Forest Machines Business to Komatsu

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