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 sells Oy Sisu Auto Ab

Press Release Published 05/03/2004

KONE Corporation has signed an agreement to sell its shares of Oy Sisu Auto Ab to Suomen Autoteollisuus Oy, which is a company owned jointly by a Finnish investment group and the operating management of Oy Sisu Auto Ab.

KONE will become a minority shareholder in the company with a holding of less than 20 percent. The transaction will not affect KONE’s result.
Oy Sisu Auto Ab will hold an information session on March 5, 2004 at 13:30 pm. at Sisu Airport, Ansatie 7, 01740 Vantaa, Finland.

Sender:

KONE Corporation

Tapio Hakakari
Secretary to the Board of Directors

Aimo Rajahalme
Executive Vice President,
Finance and Information Services

For further information, please contact:
Kari Heinistö, Senior Executive Vice President,
Kone Cargotec, tel. +358 (0)400 530 820
Nils Hagman, Managing Director, Oy Sisu Auto Ab,
tel. +358 (0)400 775 024

KONE Corporation 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.

Oy Sisu Auto Ab manufactures heavy Sisu trucks and imports Renault trucks. Sisu Auto handles the sales, service and spare parts for both brands. With a network of 42 services centers around Finland, Sisu Auto has the country’s widest service coverage. The company’s net sales are approx. EUR 125 million and it employs 540 people.

www.konecorp.com
www.sisuauto.com