KONE acquires its Israeli distributor Isralift

KONE Corporation, Press Release, January 2, 2013

KONE has acquired Isralift, its authorized distributor in Israel. Isralift is one of the leading elevator and escalator companies in Israel and it has been KONE's distributor for over 10 years. Isralift has approximately 12,000 elevators in its maintenance base and employs 330 people.

"Isralift has excellent knowledge of our products and they have developed strong customer relationships in the market." says Pierre Liautaud, EVP and Area Director for South and West Europe, KONE.

Isralift will continue to operate as an independent company under its current name and brand.

For further information, please contact:

Anne Korkiakoski, EVP, Marketing & Communications, KONE Corporation, tel. +358 204 75 4775, anne.korkiakoski@kone.com

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 2011, KONE had annual net sales of EUR 5.2 billion and on average 35,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.

www.kone.com