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Kone Oyj (Finnish pronunciation:; officially known as KONE and trading as KONE Corporation) is an elevator engineering company employing over 60,000 personnel across 60 countries worldwide. It was founded in 1910 and is now headquartered in Helsinki , Finland, with its corporate offices located in Espoo .
In 1988 the crane business was combined into the KONE Cranes Division. [7] KONE Cranes Division remained an integral component of Kone until the year 1994. In February of that year, Kone made a strategic decision to refocus its efforts on the elevator business, leading to the divestiture of the crane division into an independent entity.
Montgomery Elevator Company was a vertical transportation company founded in 1892, but entered the elevator business in 1910, acquired Roelofson Elevator of Galt, Ontario in the early 1960s and operated it as its Canadian Division. Montgomery manufactured elevators, escalators, and moving walkways until 1994, when it was acquired by KONE. [1] [2]
A Kone-Thyssenkrupp Elevator merger would create the world's biggest lift maker, leapfrogging market leader Otis, owned by United Technologies <UTX.N>, and Schindler in second place. Thyssenkrupp ...
The new Kone Building in Downtown Moline, Illinois. Since the late 2000s to the early 2010s, Moline has seen growth in its downtown area. The current projects include a new nine-story building for Kone Elevator's American Headquarters (formerly Montgomery Elevator) and its nearly 250 Quad Cities' area employees. The building opened in August ...
Montgomery Elevator: Acquired by Kone, Canadian division in 1985 and U.S. division in 1994. Marshall Elevator: Sold to Otis; Schweizerische Aufzügefabrik AG; Thyssen AG: Merged with Krupp and became ThyssenKrupp in 1999, with subsidiary ThyssenKrupp Elevator AG; ThyssenKrupp Elevator AG announced in 2021 a name change and rebranding to TK ...
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Schindler Holding Ltd. [2] is a Swiss multinational company which manufactures escalators, moving walkways, and elevators worldwide, founded in Switzerland in 1874. Schindler produces, installs, maintains and modernizes lifts and escalators in many types of buildings including residential, commercial and high-rise buildings.