KONE acquires Apex Elevator in Washington, D.C.


KONE Inc., press release, August 1, 2012

KONE, a global leader in the elevator and escalator industry, has acquired the business of Apex Elevator Corporation, an independent elevator company with a very strong reputation in the Metropolitan Washington, D.C. market.

Apex has operated in the attractive Washington market with headquarters in Fairfax, Va. since 1992. Under the capable leadership of Bob Pristach, Jim Burke and the late M. R. "Pete" Pristach, Apex has grown steadily by selectively developing relationships with stable private customers. In addition to a solid maintenance base, Apex also performs a significant volume of modernization and repair work.

Apex and KONE will be combining their elevator operations under the KONE name during the next few months. "We are thrilled to be adding great new customers in the very important Washington, D.C. market," said Larry Wash, KONE EVP and Area Director for the Americas. "The combined team welcomes the opportunity to continue to offer outstanding service to Apex and KONE customers."

"We also offer a warm welcome to the new team members from Apex Elevator who will be bringing a broad range of valuable talents and many decades of collective experience to KONE through this acquisition," Wash concludes.

For further information, please contact:
Jeff Eaton, Director, Acquisitions, KONE Inc., tel. +1 925 984 0019
Kellie Lindquist, Marketing Manager, KONE Inc., tel. +1 630 955 4202

About KONE

KONE is one of the global leaders in the elevator and escalator industry. 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 industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2015, KONE had annual net sales of EUR 8,6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland.

For more information, see www.kone.us