KONE Acquires Barist Elevator Company

Acquisition strengthens KONE's presence and services in the New York City Market

December 3, 2015 8:15 AM EST

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DEER PARK, N.Y., Dec. 3, 2015 /PRNewswire/ -- KONE, a global leader in the elevator and escalator industry, today announced the acquisition of Barist Elevator Company's elevator maintenance, repair and modernization business. Barist is based in Deer Park, New York.

The company was founded in 1974 and has decades of experience within the metro New York area covering all of Long Island, Suffolk County and Nassau County. The company also provides services to other New York City boroughs including Manhattan, Brooklyn, Bronx and Queens.

"As KONE continues to broaden its services footprint in the U.S., New York City is the perfect foothold in the Northeast to deepen our customer base," said Larry Wash, Executive Vice President for KONE Americas. "We are excited to welcome Barist Elevator Company's well-qualified employees, efficient operations and customers to KONE."

About KONEKONE 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 2014, KONE had annual net sales of EUR 7.3 billion and at the end of the year over 47,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland. For more information regarding this firm see www.kone.us.

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