KONE buys Empire Elevator, strengthening its position in San Francisco Bay Area, California

Excerpted from KONE Corporation press release, July 2013:
33543KONE has acquired the San Francisco-based business of Empire Elevator Co., Inc., an independent elevator company. Empire has operated in the attractive Bay Area market since 1978 under the capable leadership of President Bruce Moore, who will join the combined KONE team in a key role.

“The Empire and KONE operations will fit well together and we are thrilled to be adding great new customers in the very important San Francisco market,” said Larry Wash, KONE Executive Vice President for the Americas. “We are also gaining a wealth of talent from the skilled and experienced employees joining KONE from Empire and look forward to welcoming these new team members to our team,” Wash added.

KONE is one of the global leaders in the elevator and escalator industry. 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. http://www.kone.com/

Exit Strategies Group, Inc. initiated the above transaction and advised the seller.

Terms of the transaction are confidential and will not be disclosed.  For advice on exiting your company, please do not hesitate to call.