KONE Oyj is a global leader in the elevator and escalator industry, operating in over 60 countries with a workforce of approximately 60,000 employees. The company's business is divided into two primary revenue streams: New Building Solutions, which involves the sale and installation of new equipment, and Services, which encompasses the maintenance and modernization of existing installations. KONE's product portfolio includes elevators, escalators, moving walkways, and automatic building doors, alongside integrated access control and digital people flow solutions. A significant portion of the company's profitability is driven by its high-margin, recurring service contracts, supported by an extensive installed base of equipment worldwide. Originally founded in 1910, the current legal entity was established in 2005 following the demerger of the historical Kone Corporation into KONE and Cargotec.
