Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Kone Oy is a Finnish company specializing in the manufacture of elevators, cranes, escalators, travelators and passenger lifts.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedContinued to supply equipment after the sale of the Russia business. Customs data shows that the latest deliveries were in 2023.
The share purchase agreement with local management is subject to approval by the relevant regulatory authorities in Russia and is expected to close during the fourth quarter of 2022. The value of the planned transaction is not disclosed. Following the closing of the deal, the business will operate independently under a different brand. Data from the registry: The record about the founder OPEN JOINT-STOCK COMPANY WITH LIMITED LIABILITY "KONE OYU" has been deleted. The company was renamed to JSC "LIFTCONNECT". Russian assets of the Finnish elevator manufacturer Kone transferred to S8 Capital.