Press release, August 1, 2014
KONE, a global leader in the elevator and escalator industry has acquired the
elevator and escalator business of Marryat & Scott (Kenya) Ltd. and Marryats
East Africa Limited, its authorized distributors in East and Central Africa.
These acquisitions will help KONE expand its presence in the African market and
improve the availability of KONE's people flow solutions in Kenya, Uganda,
Rwanda and Tanzania.
Marryat & Scott (Kenya) Ltd. has operated in the African elevator and escalator
market for over 50 years and acted as KONE's distributor in the country since
2003. Marryats East Africa Limited has been KONE's distributor in Uganda since
2003. Together, the companies employ over 120 employees.
"Africa is urbanizing rapidly and new housing and infrastructure building
projects are emerging as a result. This creates business opportunities for
KONE," says Pierre Liautaud, Executive Vice President and Area Director for KONE
West and South Europe and Africa. "These acquisitions are in line with our long-
term business strategy, and we look forward to bringing reliable products and
services to Kenya, Uganda and their neighboring regions," Liautaud adds.
The acquisitions were booked in the third quarter of 2014.
Previous KONE press releases are available at www.kone.com/press including:
* January 2, 2013: KONE acquires its Israeli distributor Isralift
For further information, please contact:
Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel.
+358 204 75 4775, media@kone
KONE is one of the global leaders in the elevator and escalator industry. KONE'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. KONE
provides industry-leading elevators, escalators, automatic building doors and
integrated solutions to enhance the People Flow in and between buildings. KONE's
services cover the entire lifetime of a building, from the design phase to
maintenance, repairs and modernization solutions. In 2013, KONE had annual net
sales of EUR 6.9 billion, and at the end of the year over 43,000 employees. KONE
class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.
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Source: KONE Oyj via GlobeNewswire