Posted Online: Dec. 03, 2012, 12:08 pm

KONE buys San Francisco elevator company

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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.