KONE acquires Alois Kasper GmbH in Germany KONE

KONE Corporation, press release, July 6, 2017

KONE, a global leader in the elevator and escalator industry, has acquired Alois Kasper GmbH, a German company specializing in elevator installation, maintenance and modernization services.

"We are very much looking forward to serving our new customers in Germany through this acquisition which will strengthen our presence in the Saarland and Frankfurt regions", says Thomas Hinnerskov, KONE Executive Vice President for Central and North Europe.

Based in Nonnweiler, Southwestern Germany, Alois Kasper GmbH has over 1,100 elevators in service. The company was founded in 1945 and it currently employs approximately 80 people.

Previous KONE press releases are available at www.kone.com/press: September 29, 2016: KONE acquires a majority stake in Spanish elevator company Citylift September 1, 2016: KONE acquires American City Elevator Company August 25, 2016: KONE to acquire the remaining 20% stake in its Chinese subsidiary GiantKONE from Giant Holdings For further information, please contact: Liisa Kivelä, Director, Communications, KONE Corporation, tel. +358 204 75 4330, media@kone.com

About KONE At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2016, KONE had annual net sales of EUR 8.8 billion and at the end of the year over 52,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.kone.com