KONE has acquired San Francisco-based Ascent Elevator Services, Inc., an independent elevator company with a significant share of the service market in the Bay Area, where Ascent has operated since 2004.
Ascent and KONE will combine elevator operations under the KONE name during the next few months.
"The combined Ascent and KONE teams welcome the opportunity to continue to provide outstanding service to Ascent and KONE customers," saidLarry Wash, KONE EVP and Area Director for the Americas.
Kone,one of the global leaders in the elevator and escalator industry, has offices in Moline and a plant in Coal Valley.
In 2011, KONE had annual net sales of EUR 5.2 billion and on average 35,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.
Today is Sunday, May 19, the 139th day of 2013. There are 226 days left in the year. 1863 -- 150 years ago: The Rt. Rev. Harry I. Witherspoon, D.D. Bishop of Illinois, willpreach in Trinity (Episcopal) Church, in this city this evening. 1888 -- 125 years ago: At 1 o'clock yesterday afternoon the Mississippi River flooded itsbanks at Rock Island, destroying the warehouse of the Rock Island Lumber companyand damaging the Lumber Company and arsenal power plant. Total loss isestimated at $100.000. 1913 -- 100 years ago: Residents of South Rock Island township are circulating a petitionfavoring the annexation of that area to the city of Rock Island. 1938 -- 75 years ago: Mrs. Thomas Ackles, of Rock Island, has been elected president ofthe Playcrafters for the next season. She succeeds Warren Leonard. 1963 -- 50 years ago: Some 8,000 people filed through the gates of Rock Island Arsenal on Saturday to view a display of a part of the nation's armed strength. The occasion was theannual observance of Armed Forces Day. 1988 -- 25 years ago: Willis Kuschmann, of Moline, who already has won his laurels as oneof the most artistic men in the Quad-Cities area, has a new hobby. He is deeply involvedin miniature railroading. At the age of 88, when many other seniors are dozing in theirchairs or sitting before the television, Mr. Kuschmann is planning and working on hiscollection.