KONE Mergers and Acquisitions Summary

Business ServicesCompany

KONE has acquired 27 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

KONE’s largest acquisition to date was in 2005, when it acquired MacGREGOR Group AB for $210M. KONE has acquired in 12 different US states, and 8 countries. The Company’s most targeted sectors include business services (67%) and machinery (26%).

Join Mergr and gain access to KONE’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the business services sector.

M&A Summary

  • M&A Total Activity28
    • M&A Buy Activity27
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 8
  • 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 ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.8/yr) # 23 2 - - 2 - 27
vol $210M $210M
Sell (0.2/yr) # - - 1 - - - 1
  28

Most Recent M&A

Company Date Value Type
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
Capital Elevator Services - Service, Repair & Modernization Business 2016-01-05 - Divestiture
Waldorf, Maryland
Barist Elevator Co. 2015-12-03 - Add-on Acquisition
Deer Park, New York · www.baristelevator.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 18 (67%) - - -
Machinery 7 (26%) - 1 (100%) -
Building Materials 1 (4%) - - -
Marine 1 (4%) 210M (100%) - -
Total 27 $210M 1 -

By Geo

State/Country Buy Value Sell Value
United States 17 - 1 -
  California 3 - 1 -
  New York 3 - - -
  Illinois 2 - - -
  Texas 1 - - -
  Oregon 1 - - -
  Ohio 1 - - -
  Minnesota 1 - - -
  Michigan 1 - - -
  Massachusetts 1 - - -
  Maryland 1 - - -
  Maine 1 - - -
  Florida 1 - - -
Germany 2 - - -
Spain 2 - - -
United Kingdom 2 - - -
Canada 1 - - -
  Quebec 1 - - -
Finland 1 210M - -
France 1 - - -
Italy 1 - - -
Domestic 1 (4%) 210M (100%) - -
Cross-border 26 (96%) - 1 (100%) -
Total 27 $210M 1 -

Deal Values

buy # Total
$100M to $1B 1 $210M
TOTAL $210M
Largest MacGREGOR Group AB
$210M (2005-03-04)

M&A Connections

Deals
Acquired from
Investor(s)
4%
1 (4%)
Strategic(s)
11%
3 (11%)
Divested to
Strategic(s)
100%
1 (100%)

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