Divestiture • Business Services

KONE Acquires Manutenzione Installazione Ascensori

On December 30, 2014, KONE acquired business services company Manutenzione Installazione Ascensori from Rekeep

Acquisition Context
  • This is KONE’s 6th transaction in the Business Services sector.
  • This is KONE’s 1st transaction in Italy.

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M&A Deal Summary

Date December 30, 2014
Target Manutenzione Installazione Ascensori
Sector Business Services
Buyer(s) KONE
Sellers(s) Rekeep
Deal Type Divestiture

Target Company

Manutenzione Installazione Ascensori

Zola Predosa, Italy
Manutenzione Installazione Ascensori S.p.A. is a provider of maintenance and modernization elevator services and also sells new equipment.
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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 12 of 28
Sector: Business Services 6 of 20
Type: Divestiture 2 of 4
Country: Italy 1 of 1
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-02 Empire Elevator Co.

Petaluma, California, United States

Empire Elevator Co., Inc. is an independent elevator company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-23 Janzhoff Aufzüge

Dortmund, Germany

Janzhoff Aufzüge GmbH is a provider of elevators as well as maintenance and modernization services.

Buy -

Seller Profile 1

SELLER

Rekeep

Zola Predosa, Italy

Category Company
Founded 2003
Sector Business Services
DESCRIPTION

Rekeep provides integrated facility management services in Italy and internationally. Rekeep was founded in 2003 and is based in Zola Predosa, Italy.


Deal Context for Seller #
Overall 1 of 3
Sector: Business Services 1 of 2
Type: Divestiture 1 of 3
Country: Italy 1 of 3
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-12 Teckal

Reggio Emilia, Italy

Teckal S.p.A. manufactures and distributes heating and air conditioning systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 MFM Capital S.r.l.

Italy

MFM Capital S.r.l. provide a wide range of ancillary services to the core business of large private groups, public bodies and structures health.

Sell €16M

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