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.
Today is Saturday, May 25, the 145th day of 2013. There are 220 days left in the year. 1863 -- 150 years ago: The annual review of the fire department of this city took placeyesterday and made a fine showing with machines and hose carts in tip-top order. 1888 -- 125 years ago: Last night's prayer meeting at Central Presbyterian Church wascalled off due to water in the basement, residue of last week's flood. 1913 -- 100 years ago: The junior class of Rock Island High School will hold a riverexcursion on the steamer St. Paul next Tuesday. 1938 -- 75 years ago: The 75th Anniversary of the Rock Island Arsenal today finds thenation's largest ordinance manufacturing plant filling many important orders for the army. 1963 -- 50 years ago: Miss Patrice Daly, Rock Island, a senior at Rock Island HighSchool, won second place in the recent state public speaking contest held in Peoria underthe auspices of the Knights of Pythias. 1988 -- 25 years ago: Hampton's sesquicentennial committee and the Hampton HistoricalSociety have scheduled a full slate of activities, which will be held throughout the year, to celebrate the village's 150th birthday. The first celebration will be the Memorial Dayprogram at 10 a.m. May 30, at the Brettun and Black Store Museum on River Road. Therewill be a sesquicentennial display.