KONE Acquires Established German Firm

KONE has acquired Alois Kasper GmbH of Nonnweiler, Germany, founded in 1945 as a hoist specialist that evolved into an elevator installation, maintenance and modernization specialist. Today, the company has approximately 80 employees and more than 1,100 elevators in service. KONE Executive Vice President for Central and North Europe Thomas Hinnerskov said KONE is “very much looking forward to serving our new customers in Germany through this acquisition, which will strengthen our presence in the Saarland and Frankfurt regions.”