LISLE, Ill., Sept. 3, 2013 /PRNewswire/ — KONE has acquired Advanced Elevator Corporation, an independent elevator company with a reputation for delivering great customer service in the Denver market.

Advanced and KONE will be combining their elevator operations under the KONE name during the next few months. “We are thrilled to be adding great new customers and talented employees from Advanced Elevator in Denver,” said Larry Wash, EVP and Area Director, KONE Americas.

Frank McTarsney and his wife, Chris, have successfully grown Advanced since establishing the business in 2002. Frank will join the combined KONE team in a key role.

About KONE
KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company’s objective is to offer the best People Flow™ experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. In 2012, KONE had annual net sales of EUR 6.3 billion and around 40,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.us

SOURCE KONE Inc.