KONE Strengthens its Customer Base in Florida



    MIAMI, Jan. 2 /CNW/ - KONE has acquired an elevator maintenance company
called Florida Coast Elevator, Inc. based in Fort Lauderdale, United States.
The acquisition significantly increases KONE's maintenance base in the areas
of Fort Lauderdale, Miami and Dade County. The company will be integrated to
KONE's Miami Branch, located in Miramar, Florida.
    "This acquisition provides us with an excellent opportunity to increase
our customer base in an area where KONE already has a strong presence," says
Vance Tang, KONE EVP and Area Director for Americas. "Providing outstanding
service is a key for KONE and its customers. We offer our customers peace of
mind during the entire life-cycle of their buildings and this acquisition
strengthens our ability to deliver on that mission."
    Florida Coast Elevator is an elevator service company focusing on
maintenance, modernizations, repairs and new installations. In addition, the
company sells new equipment. Florida Coast Elevator has about 1,200 elevators
in its maintenance base and employs 60 people.
    "KONE welcomes the opportunity to continue to offer outstanding service
to Florida Coast Elevator's customers. We also offer a warm welcome to the new
team members of Florida Coast joining KONE through this acquisition," Vance
concludes.

    About KONE

    KONE is one of the world's leading elevator and escalator companies. It
provides customers with industry-leading elevators, escalators and innovative
solutions for maintenance and modernization. KONE also provides maintenance
services for automatic building doors. In 2006, KONE had annual net sales of
EUR 3.6 billion and approximately 29,000 employees. Its class B shares are
listed on the OMX Nordic Exchange Helsinki in Finland.
    http://www.kone.com





For further information:

For further information: Minna Mars, SVP, Corporate Communications & IR,
tel. +358(0)50-384-9440; or +358(0)204-75-4501

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