LISLE, Ill., September 04, 2024--(BUSINESS WIRE)--KONE, a global leader in the elevator and escalator industry, has acquired Capitol Elevator, a Sacramento, California-based elevator service business.

Kone's Q3 financial results looked solid, with nice improvements in profitability. Looking at the different business segments of Kone reveals a picture of a company moving at two different velocities.

Kone's Q3 results show strong performance in service and modernization businesses, but a soft market for new business solutions. The decline in the Chinese construction sector poses a risk to Kone's ...

HELSINKI (Reuters) -Elevator and escalator maker Kone beat quarterly operating profit forecasts on Wednesday, helped by strong growth in North America and China, but warned of higher costs over the ...