Kone

This article is about the Finnish engineering and service company. For other uses, see Kone (disambiguation).
Kone Corporation
Native name
Kone Oyj (Finnish)
Company typeJulkinen osakeyhtiö
Nasdaq Helsinki: KNEBV
IndustryEngineering and service
Founded27 October 1910; 114 years ago (1910-10-27)
Headquarters
Area served
Worldwide except Korea, Japan, Russia, Belarus and most of Latin America
Key people
ProductsElevators, escalators, automatic building doors
Revenue
  • Increase €10.95 billion (2023)
  • Increase €1.20 billion (2023)
  • Increase €0.93 billion (2023)
Total assets
  • Increase €9.72 billion (2021)
Total equity
  • Increase €3.20 billion (2021)
OwnerHerlin family through Security Trading Oy (22% equity, 62% voting power)
Number of employees
Increase 63,536 (Dec 2023)
Websitekone.com
Footnotes / references
[1]

Kone Oyj (Finnish pronunciation: [ˈkone]; officially known as KONE and trading as KONE Corporation) is an elevator engineering company employing over 60,000 personnel across 60 countries worldwide. It was founded in 1910 and is now headquartered in Helsinki, Finland, with its corporate offices located in Espoo. In addition, Kone builds and services moving walkways (referred to by the company as autowalks),[2][3] automatic doors and gates, escalators, and lifts. In the Finnish language, Kone means "machine".

Since 1924, Kone has been controlled by the Herlin family. Harald Herlin purchased the company in 1924 and served as its chairman until 1941. Afterward, his son, Heikki H. Herlin, took over his father's post from 1941–1987. In 1954, Pekka Herlin joined Kone and succeeded his father as president in 1964. Since 2003, Antti Herlin, the son of Pekka Herlin, has been its chairman. As of December 2019, Antti Herlin controls 62% of the voting rights and 22% of the shares of the company,[4] which is listed on Nasdaq Helsinki.

  1. ^ "2021 Annual Report" (PDF). Kone. Retrieved 10 June 2022.
  2. ^ "KONE escalators and autowalks for new buildings". Kone Corporation. Retrieved 14 March 2021.
  3. ^ "Planning Guide for KONE Escalators & Autowalks" (PDF). Kone Corporation. Retrieved 14 March 2021.
  4. ^ "Major Shareholders". Kone Corporation. Retrieved 3 June 2021.