Add-on Acquisition • Business Services

KONE Acquires Klostermann Aufzüge

On July 20, 2015, KONE acquired business services company Klostermann Aufzüge

Acquisition Context
  • This is KONE’s 11th transaction in the Business Services sector.
  • This is KONE’s 2nd transaction in Germany.

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M&A Deal Summary

Date July 20, 2015
Target Klostermann Aufzüge
Sector Business Services
Buyer(s) KONE
Deal Type Add-on Acquisition

Target Company

Klostermann Aufzüge

Herne, Germany
Klostermann Aufzüge GmbH is a provider of elevator maintenance and modernization services.
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Buyer Overview 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 Context for Buyer #
Overall 17 of 28
Sector: Business Services 11 of 20
Type: Add-on Acquisition 15 of 24
Country: Germany 2 of 2
Year: 2015 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-08 Advanced Elevator Technologies

Boston, Massachusetts, United States

Advanced Elevator Technologies is a provider of elevator maintenance, repair and modernization.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-03 Barist Elevator Co.

Deer Park, New York, United States

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

Buy -