LISLE, Ill.--(BUSINESS WIRE)--KONE, a global leader in the elevator and escalator industry, has acquired Capitol Elevator, a Sacramento, California-based elevator service business. This strategic acquisition brings together Capitol Elevator’s expertise and exceptional customer service reputation with KONE’s global brand, comprehensive portfolio and market reach to help build and strengthen our capabilities and position in the California market. Capitol Elevator is a family-owned and operated business that has been in the elevator industry for more than 50 years, making them the oldest independent elevator company in California.
“As a company with extensive experience in the industry and a strong reputation, Capitol Elevator is a perfect fit for KONE. We are excited to welcome the Capitol Elevator team to our KONE team,” says Ken Schmid, Executive VP for KONE Americas. “Their expertise, commitment to excellence and dedication to putting the customer first aligns perfectly with KONE’s priorities.”
About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2023, KONE had annual net sales of EUR 11 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
