KONE buys San Francisco elevator company


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Posted Online: Dec. 03, 2012, 12:08 pm
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KONE has acquired San Francisco-based Ascent Elevator Services, Inc., an independent elevator company with a significant share of the service market in the Bay Area, where Ascent has operated since 2004.

Ascent and KONE will combine elevator operations under the KONE name during the next few months.

"The combined Ascent and KONE teams welcome the opportunity to continue to provide outstanding service to Ascent and KONE customers," saidLarry Wash, KONE EVP and Area Director for the Americas.

Kone,one of the global leaders in the elevator and escalator industry, has offices in Moline and a plant in Coal Valley.

In 2011, KONE had annual net sales of EUR 5.2 billion and on average 35,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

For more information, visit www.kone.us.




















 



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  Today is Monday, Oct. 20, the 293rd day of 2014. There are 72 days left in the year.

1864 -- 150 years ago: The store of Devoe and Crampton was entered and robbed of about $500 worth of gold pens and pocket cutlery last night.
1889 -- 125 years ago: Michael Malloy was named president of the Tri-City Stone Cutters Union.
1914 -- 100 years ago: Dewitte C. Poole, former Moline newspaperman serving as vice consul general for the United States government in Paris, declared in a letter to friends that the once gay Paris is a city of sadness and desolation.
1939 -- 75 years ago: Plans for the construction of an $80,000 wholesale bakery at 2011 4th Ave. were announced by Harry and Nick Coin, of Rock Island. It is to be known as the Banquet Bakery.
1964 -- 50 years ago: An application has been filed for a state permit to organize a savings and loan association in Moline, it was announced. The applicants are Ben Butterworth, A.B. Lundahl, C. Richard Evans, John Harris, George Crampton and William Getz, all of Moline, Charles Roberts, Rock Island, and Charles Johnson, of Hampton.
1989 -- 25 years ago: Indian summer is quickly disappearing as temperatures slide into the 40s and 50s this week. Last week, highs were in the 80s.


(More History)