About
KONE is a global leader in the elevator and escalator industry, founded in 1910 in Helsinki, Finland, and now one of the 'big four' vertical-transportation companies alongside Otis, Schindler, and Mitsubishi Electric. The company employs about 60,000 people and generates annual revenue of roughly EUR 11 billion, serving customers in more than 60 countries with a focus on new installations, maintenance, and modernization.\n\nKONE pioneered the machine-room-less (MRL) elevator with its MonoSpace launch in 1996, a design that eliminated the separate machine room and reshaped high-rise construction economics worldwide; its UltraRope carbon-fiber hoisting technology, introduced in 2013, extended elevator travel to 1,000 meters, enabling the world's tallest buildings. The company's 24/7 Connected Services use IoT sensors and predictive analytics to monitor elevator health in real time, cutting breakdowns and extending equipment life.\n\nFor construction and property buyers, KONE offers a complete vertical-mobility package — from planning and installation to long-term maintenance contracts — with one of the industry's largest service networks, and its R&D in people-flow analytics increasingly positions it as a smart-building technology partner rather than a pure equipment maker.
Also known as: KONE
