KONE acquires Hong Kong based Shan On Engineering Company Limited
KONE Corporation, press release, December 11, 2017 KONE Corporation, a global leader in the elevator and escalator industry, has acquired Shan On Engineering Company Limited in Hong Kong. Founded in 1973, Shan On is specialized in elevator maintenance, modernization and installation services and today has approximately 1,000 elevators in its maintenance base. Previously, KONE owned 35.3% of the company and has now bought the remaining 64.7% shareholding. With this acquisition, KONE will strengthen its market position in the region. "We warmly welcome Shan On and its skilled