M&A Deal Summary

KONE Acquires Maine Elevator Specialists

On September 6, 2018, KONE acquired business services company Maine Elevator Specialists

Acquisition Highlights
  • This is KONE’s 17th transaction in the Business Services sector.
  • This is KONE’s 15th transaction in the United States.
  • This is KONE’s 1st transaction in Maine.

M&A Deal Summary

Date 2018-09-06
Target Maine Elevator Specialists
Sector Business Services
Buyer(s) KONE
Deal Type Add-on Acquisition

Target

Maine Elevator Specialists

Windham, Maine, United States
Maine Elevator Specialists, Inc. is a provider of customer service, troubleshooting and repairs. Maine Elevator Specialists was founded in 1989 and is based in Windham, Maine.

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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 24 of 28
Sector (Business Services) 17 of 20
Type (Add-on Acquisition) 21 of 24
State (Maine) 1 of 1
Country (United States) 15 of 18
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 Heartland Elevator

Lewisville, Texas, United States

Heartland Elevator LLC is a provider of an elevator Inspection services. Heartland Elevator is based in Lewisville, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 Ascent Elevator Services

San Francisco, California, United States

Ascent Elevator Services, Inc. is an independent elevator company. Ascent Elevator Services provides industry elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance.

Sell -