KONE - M&A Summary and Business Overview

Business ServicesCompany

KONE M&A Summary

KONE has acquired 28 companies, including 4 in the last 5 years. It has also divested 2 assets.

KONE has acquired in 12 different US states, and 7 countries. The Company’s most targeted sectors include business services (72%) and machinery (25%).

KONE Business Overview

Where is KONE headquartered?

KONE is headquartered in Helsinki, Finland.

What is KONE’s revenue?

KONE disclosed revenue of 10,952M EUR for 2023 and 10,907M EUR for 2022.

How many employees does KONE have?

KONE has 63,647 employees.

What sector is KONE in?

KONE is a business services company.

When was KONE founded?

KONE was founded in 1908.

M&A Summary

  • M&A Total Activity30
    • M&A Buy Activity28
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 5

KONE

KONE Corp.

Keilasatama 3 PO Box 7,
Helsinki, 02150
Finland,
+358 204 751
www.kone.com

KONE is a provider of elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE was founded in 1908 and is based in Espoo, Finland.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 24 - 2 - - 2 28
Sell (0.0/yr) # 2 - - - - - 2
  30

Most Recent M&A

Company Date Value Type
Capitol Elevator Co., Inc. 2024-09-04 - Add-on Acquisition
Sacramento, California · www.capitolelevator.com
PACA Ascenseurs Services 2024-02-02 - Divestiture
Les Pennes Mirabeau, France · www.paca-ascenseurs.fr
Ross Elevator, Inc. 2021-08-05 - Add-on Acquisition
Eastlake, Ohio · www.rosselevatorinc.com
Detroit Elevator Co. 2021-06-01 - Add-on Acquisition
Ferndale, Michigan · www.detroitelevator.com
Ascent Elevator Services, Inc. 2019-05-14 - Merger
San Francisco, California
Maine Elevator Specialists, Inc. 2018-09-06 - Add-on Acquisition
Windham, Maine · www.maineelevatorspecialists.com
Heartland Elevator LLC 2018-04-03 - Add-on Acquisition
Lewisville, Texas · www.heartlandelevator.com
Downey Goodlein Elevator Corp. 2016-11-01 - Add-on Acquisition
Rochester, New York · www.dgelevator.com
City Elevator Co. 2016-09-01 - Add-on Acquisition
New York, New York · www.city-elevator.com
Suburban Elevator Co. 2016-04-01 - Add-on Acquisition
East Dundee, Illinois · www.suburbanelevator.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 20 (71%) - - -
Machinery 7 (25%) - 2 (100%) -
Building Materials 1 (4%) - - -
Total 28 - 2 -

By Geo

State/Country Buy Value Sell Value
United States 18 - 1 -
  California 4 - 1 -
  New York 3 - - -
  Illinois 2 - - -
  Texas 1 - - -
  Oregon 1 - - -
  Ohio 1 - - -
  Minnesota 1 - - -
  Michigan 1 - - -
  Massachusetts 1 - - -
  Maryland 1 - - -
  Maine 1 - - -
  Florida 1 - - -
France 2 - - -
Germany 2 - - -
Spain 2 - - -
United Kingdom 2 - - -
Canada 1 - - -
  Quebec 1 - - -
Finland - - 1 -
Italy 1 - - -
Domestic - - 1 (50%) -
Cross-border 28 (100%) - 1 (50%) -
Total 28 - 2 -

M&A Connections

Deals
Acquired from
Strategic(s)
14%
4 (14%)
Divested to
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Business Services

Revenue

10,952   1% 2023
10,907   4% 2022
10,514   6% 2021
9,939   1% 2020
9,982   11% 2019
9,071   2% 2018
8,942   2017
(millions of EUR) Show More Show Less

Employees

63,647

Established

1908

Public

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Business Services Companies , Finland Companies

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