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  5. KONE Acquires ASBA Mantenimientos S.L.

M&A Deal Summary

KONE Acquires ASBA Mantenimientos S.L.

On February 8, 2010, KONE acquired business services company ASBA Mantenimientos S.L.

Acquisition Highlights
  • This is KONE’s 2nd transaction in the Business Services sector.
  • This is KONE’s 1st transaction in Spain.

M&A Deal Summary
Date 2010-02-08
Target ASBA Mantenimientos S.L.
Sector Business Services
Buyer(s) KONE
Deal Type Add-on Acquisition

Target

ASBA Mantenimientos S.L.

Rubi, Spain
ASBA Mantenimientos S.L. is an elevator company. ASBA Mantenimientos maintains elevators, sells new equipment and installs elevators in existing buildings.

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Buyer(S) 1

Buyer

KONE

Helsinki, Finland
Category Company
Founded 1908
Sector Business Services
Employees64,036
Revenue 11.1B EUR (2024)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 28
Sector: Business Services M&A 2 of 20
Type: Add-on Acquisition M&A Deals 2 of 24
Country: Spain M&A 1 of 2
Year: 2010 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-02 Excel Elevator

Los Angeles, California, United States

Excel Elevator, Inc. is an independent elevator service company. Excel Elevator is focused on elevator maintenance, modernizations and repairs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 Reliant Elevator Co.

Portland, Oregon, United States

Reliant Elevator Co. is an independent elevator service company.

Buy -
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