KONE Americas announces acquisition of Capitol Elevator

LISLE, Ill. Sept 4, 2024 - KONE, a global leader in the elevator and escalator industry, has entered an agreement to acquire Capitol Elevator, a Sacramento, California-based elevator service business. This strategic acquisition brings together Capitol Elevator's expertise and exceptional customer service reputation with KONE's global brand, comprehensive portfolio and market reach to help build and strengthen our capabilities and position in the California market. Capitol Elevator is a family-owned and operated business that has been in the elevator industry for more than 50 years, making them the oldest independent elevator company in California.

"As a company with extensive experience in the industry and a strong reputation, Capitol Elevator is a perfect fit for KONE. We are excited to welcome the Capitol Elevator team to our KONE team," says Ken Schmid, Executive VP for KONE Americas. "Their expertise, commitment to excellence and dedication to putting the customer first aligns perfectly with KONE's priorities."