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M&A Deal Summary

KONE Acquires Capitol Elevator

On September 4, 2024, KONE acquired business services company Capitol Elevator

Acquisition Highlights
  • This is KONE’s 20th transaction in the Business Services sector.
  • This is KONE’s 18th transaction in the United States.
  • This is KONE’s 4th transaction in California.

M&A Deal Summary
Date 2024-09-04
Target Capitol Elevator
Sector Business Services
Buyer(s) KONE
Deal Type Add-on Acquisition

Target

Capitol Elevator

Sacramento, California, United States
Capitol Elevator is a provider of an elevator service business. Capitol Elevator is based in Sacramento, California.

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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 28 of 28
Sector: Business Services M&A 20 of 20
Type: Add-on Acquisition M&A Deals 24 of 24
State: California M&A 4 of 4
Country: United States M&A 18 of 18
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-02 PACA Ascenseurs Services

Les Pennes Mirabeau, France

PACA Ascenseurs Services is a elevator maintenance business. PACA Ascenseurs Services was founded in 1995 and is based in Les Pennes Mirabeau, France.

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