KONE, a global leader in the escalator and elevator industry, has acquired ASBA Mantenimientos S.L. ASBA Mantenimientos is a Spanish elevator company based. It is based in Barcelona, and is one of the largest local providers of elevator repair and maintenance. The company provides new elevator and related equipment sales and installation. They also work to help safely integrate elevator systems into existing buildings that were designed without elevator shafts.  ASBA Mantenimientos has a maintenance pool of over 1,800 elevators, and has 35 employees, including all maintenance technicians.

“This acquisition strengthens KONE’s position in Spain and helps us improve our maintenance and modernization operations in the Catalonia region,” stated Eric Maziol, Area Director and EVP of West and South Europe, as well as the Middle East for KONE.

KONE’s current operations in Spain will integrate ASBA’s maintenance base and sales force.

About KONE

KONE is one of the largest elevator and escalator companies in the world, and leads the industry. The company began in 1910, and will celebrate one hundred years of operation in 2010. KONE’s main goal is to optimize people flow and movement. They constantly work to develop and install new solutions for transporting people quickly, efficiently, and safely. Comfort also plays a large role in the design process. Elevator and escalator designs by the company help reduce waiting and lines, as well as opening access to handicapped or otherwise movement limited people that cannot climb stairs.

KONE has been providing the best elevators and escalators in the industry for a century, combined with innovation and creative solutions. They help modernize even the oldest buildings, and provide much needed maintenance or upgrades for older elevator systems. KONE understands the desires and requirements of its customers and works to adapt to new technologies and developments as quickly as possible. This is one of the reasons KONE can offer such high class service in the people movement industry.

KONE reported annual net sales at EUR 4.7 billion for 2009. They employ around 34,000 employees in all of their worldwide branches, and have plans to continue growing in the new decade. KONE will continue to strive to lead the industry in safety, innovation, and competitive elevator and escalator solutions. Class B shares for KONE are traded in Finland on NASDAQ OMX Helsinki Ltd.