M&A Deal Summary

KONE Acquires Capital Elevator Services - Service Repair & Modernization Business

On January 5, 2016, KONE acquired machinery company Capital Elevator Services - Service Repair & Modernization Business from Capital Elevator Services

Acquisition Highlights
  • This is KONE’s 6th transaction in the Machinery sector.
  • This is KONE’s 10th transaction in the United States.
  • This is KONE’s 1st transaction in Maryland.

M&A Deal Summary

Date 2016-01-05
Target Capital Elevator Services - Service Repair & Modernization Business
Sector Machinery
Buyer(s) KONE
Sellers(s) Capital Elevator Services
Deal Type Divestiture

Target

Capital Elevator Services - Service Repair & Modernization Business

Waldorf, Maryland, United States
Capital Elevator Services - Service, Repair & Modernization Business is a provider of maintenance, repair and modernization of all types of elevators.

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Buyer(S) 1

Buyer

KONE

Helsinki, Finland

Category Company
Founded 1908
Sector Business Services
Employees63,647
Revenue 11.0B EUR (2023)
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 19 of 28
Sector (Machinery) 6 of 7
Type (Divestiture) 3 of 4
State (Maryland) 1 of 1
Country (United States) 10 of 18
Year (2016) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-03 Barist Elevator

Deer Park, New York, United States

Barist Elevator Co. is a provider of elevator maintenance, repair and modernization business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Suburban Elevator

East Dundee, Illinois, United States

Suburban Elevator Co. is a provider of elevator service and repair business.

Buy -

Seller(S) 1

SELLER

Capital Elevator Services

Waldorf, Maryland, United States

Category Company
Sector Machinery
DESCRIPTION

Capital Elevator Services, Inc. is a full service elevator company. Capital Elevator Services full range of services include maintenance, repair, installation, modernization, and cab renovation.


DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1