"This acquisition increases our customer base and strengthens KONE'spresence in the Detroit area," says Vance Tang, KONE EVP and Area Director forthe Americas. "City Elevator has successfully grown by providing outstandingservice to their customers which is in complete alignment with our approach atKONE. We will achieve valuable synergies by adding KONE's products andservices to City Elevator's well developed customer base."

City Elevator Company is privately owned and operated and is focused onelevator maintenance, modernizations and repairs. City Elevator has about1,100 elevators in its maintenance base and employs 27 people.

"KONE values the opportunity to continue to offer outstanding service toCity Elevator's customers. We also offer a warm welcome to our new teammembers from City Elevator. We will do great things together," Vanceconcludes.

About KONE

KONE's objective is to offer the best people flow experience by developingand delivering solutions that enable people to move smoothly, safely,comfortably and without waiting in buildings in an increasingly urbanizingenvironment. KONE provides its customers with industry-leading elevators,escalators and innovative solutions for modernization and maintenance, and isone of the global leaders in its industry. In 2007, KONE had annual net salesof EUR 4.1 billion and over 32,500 employees. KONE class B shares are listedon the NASDAQ OMX Helsinki in Finland.

http://www.kone.com

SOURCE KONE Inc.