KONE Improves Share in the Los Angeles Market

LISLE, Ill., Oct. 1 /PRNewswire/ -- KONE has acquired RS Elevator Corporation, an independent elevator service company based in Los Alamitos, California. RS Elevator has developed a reputation for delivering quality in all aspects of their business including maintenance, repair and modernization. Their strong team has steadily grown its service base since opening for business in 1998.

RS and KONE will combine their elevator operations under the KONE name in the coming months. "The three owners of RS have built a solid business and we know that by combining our operations we will be even stronger in this very important Los Angeles market," says Vance Tang, KONE EVP and Area Director for the Americas.

Over the past 11 years, RS has grown its service business through a strong focus on customer satisfaction and by delivering consistent high level elevator maintenance, repair and modernization solutions.

"KONE welcomes the opportunity to continue offering outstanding service to RS Elevator's customers. We share RS Elevator's philosophy of customer focus and excellent service. I am pleased to extend a warm welcome to the new team members from RS Elevator joining KONE through this acquisition. Together we will be stronger," Vance concludes.

About KONE

KONE's objective is to offer the best people flow experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides its customers with industry-leading elevators, escalators and innovative solutions for modernization and maintenance, and is one of the global leaders in its industry. In 2008, KONE had annual net sales of EUR 4.6 billion and over 34,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com

SOURCE KONE



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