Kone Corporation

Kone Corporation

Kone Corporation

Overview
Date Founded

2005

Headquarters

Kartanontie 1,Helsinki, Uusimaa 00330

Type of Company

Public

Employees (Worldwide)

59.8K

Industries

Other Manufacturing
Industrial Machinery & Manufacturing
Building Products & Construction Materials

Company Description

Kone Oyj manufactures elevators, escalators, and automatic building doors. It also provides installation, maintenance, modernization, and replacement solutions. The company was founded on October 27, 1910 and is headquartered in Helsinki, Finland.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer

Chief Technology Officer & Executive Vice President

Member of the Executive Board & Head of Mergers & Acquisitions, Strategic Alliances & Legal Affairs

Head of Asia-Pacific, Member of the Executive Board

Head of Central & North Europe, Member of the Executive Board

Executive Vice President-South Europe, Middle East & Africa Regions

Senior Vice President & General Counsel, KONE Americas Legal

Head, Global Operations

Board of Directors

Chairman at Kone Corporation

Vice Chairman, Board of Directors at Kone Corporation

Member, Board of Directors at Kone Corporation

Chairman at DevCo Partners Oy

Former Professor at Hanken School of Economics

Managing Director & Director at Admiral Consulting Oy

President at KATA Citizens Security Council

Secretary at Kone Corporation

Professor at University of Warwick

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Owners & Shareholders
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Fundsmith is a fund management company established in 2010 by Terry Smith. The business is 100% owned and controlled by its partners, who have worked closely together over many years, and is headquartered in London with an office in Connecticut, USA. The investment process of the Fundsmith Equity Fund will be the only equity fund strategy that we employ and the Fundsmith Equity Fund is the main vehicle for Terry’s own investments.

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Ilmarinen is an active, profit-oriented investor which manages an investment portfolio that has been diversified both geographically and across a wide variety of asset classes, such as equities and shares, fixed income investments and real estate with a focus on Finnish securities. The firm typically establishes information about the investment allocation and the return on investments on a quarterly basis. Ilmarinen generally aims to select companies with good growth potential in which they take long-term positions. They support investment decisions with information obtained through their active ownership policy, which encourages fund managers to participate in shareholders' meetings, make full use of voting rights and keep in contact with the management of investees.

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Varma is an active, long-term and income-oriented investment manager, for which value is a secondary investment style. The firm manages a diversified portfolios invested primarily in fixed income, equities, real estate, and hedge funds. Fixed income investments are globally diversified between different bond issuers and maturities. Equity investments are diversified by geographic location, industry and company size. In Varma's portfolio, listed equity investments seek the highest returns and are also the most volatile asset class. The firm has strived to identify investments with similar returns as equities but with less volatility. These include private equity investments and hedge funds. Varma uses derivatives to make diversified index-type investments in commodities. Their direct real-estate investments are located in Finland. Approximately 60% of Varma's real estate investments are in the Helsinki area. In addition to rental flats, the portfolio includes all types of business premises, with the greatest weight on office and retail premises. Varma has increased the share of international real estate investments in its investment portfolio. International real estate investments are used to improve diversification within the real estate portfolio.

Recent Transactions
Details Hidden

Kone Corporation purchases Ascensores R Casado SA

Details Hidden

Kone Corporation purchases Shan On Engineering Co., Ltd.

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Kone Corporation purchases Alois Kasper GmbH Aufzugfabrik

Transaction Advisors
Accountant

Advised onKone Corporation purchases Partek Oyj AB

Legal Advisor

Advised onKone Corporation purchases Marvi Elevadores SL

Investment Advisor

Advised on purchases Cargotec Oyj from Kone Corporation

Advisors & Consultants
Advisor

Partner at AMPERAGE LLC

Clients

Brookfield Business Partners LP specializes in business services and industrial operations. It operates though the following segments: Business services, Infrastructure services, Industrial operations, and Corporate and other. The Business Services segment relates to residential real estate, facilities management and financial advisory services. The new infrastructure services segment is currently comprised of a global provider of infrastructure services to the power generation industry. The industrial operations segment consists primarily of specialty metal and aggregates mining operations in Canada, select industrial manufacturing operations, comprised principally of the global production of graphite electrodes and the manufacturing of infrastructure support products in Canada, water and wastewater services in Brazil, and natural gas exploration and production. The corporate and other includes corporate cash and liquidity management, as well as activities related to the management of the partnership's relationship with Brookfield. The company was founded on October 1, 2015 and is headquartered in Hamilton, Bermuda.

Brookfield Property Partners LP is a global commercial property company, which owns, operates, and invests in office, retail, multifamily, and industrial assets. It operates through the following segments: Core Office, Core Retail, LP Investments, and Corporate. The Core Office segment consists of office properties in New York, London, Los Angeles, Washington, D.C., Sydney, Toronto, and Berlin. The Core Retail segment deals with interests in regional malls and urban retail properties. The LP Investments segment comprises of investments in Brookfield-sponsored real estate funds. The Corporate segment deals with other activities. The company was founded on January 3, 2013 and is headquartered in Hamilton, Bermuda.

Genting Hong Kong, formerly known as Star Cruises Limited, is a leading global leisure, entertainment and hospitality enterprise, with core competences in both land and sea-based businesses: Star Cruises - Asia-Pacific Norwegian Cruise Lines (NCL) - A 50% joint ownership alongside Apollo and TPG Resorts World Manila (RWM) - Manila, Philippines; joint partnership with Alliance Global Group under Travellers International A pioneer in its own right, Genting Hong Kong was incorporated in September 1993, operating its fleet under Star Cruises, to take on a bold initiative to grow the Asia-Pacific region as an international cruise destination. Star Cruises together with NCL is the third largest cruise operator in the world, with a combined fleet of 18 ships cruising to over 200 destinations, offering approximately 35,000 lower berths. Resorts World Manila is Genting Hong Kong's first foray in a land-based attraction. RWM opened its doors to the public in August 2009, and is one of the premier leisure brands under the Genting Group, representing a flagship integrated leisure and entertainment complex featuring 3 hotels including a six star all-suite Maxims Hotel, an iconic shopping mall, 4 high-end cinemas and a multi-purpose performing arts theatre. Genting Hong Kong's mission statement is to create world class entertainment and leisure experiences for our visitors. Our unique venues and itineraries, coupled with a promise to deliver best-in-class services, will ensure an unforgettable experience by all. We will continue to leverage off the Genting Group's unrivalled regional expertise in land-based resorts development as we look to expand our own individual footprint. Genting Hong Kong constantly seeks new scalable business opportunities, and ways in which we can excel and improve in our business proposition. Headquartered in Hong Kong, Genting Hong Kong has a presence in more than 20 locations worldwide with offices and representation in Australia, China, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Sweden, Taiwan, Thailand, the United Arab Emirates, the United Kingdom, the United States and Vietnam. Genting Hong Kong is listed on the Hong Kong Stock Exchange and is traded on the Quotation and Execution System for Trading of the Singapore Exchange Securities Trading Limited. The Company recently changed its ticker symbol from "STRC SP" to "GENHK SP" on 30 November 2009

Key Stats and Financials As of 2019
Market Capitalization
$28.6B
Total Enterprise Value
$28.5B
Earnings Per Share
$1.8
Revenue
$9.98B
Enterprise Value Sales
2.85x
Enterprise Value EBITDAOperating
19.48x
TEVNet Income
30.55x
Debt TEV
0.02x
EBITDAMargin
14.63%
Total Equity
$3.19B
EBITDA
$1.46B
Total Debt
$549M
Net Profit
$931M
Three Year Compounded Annual Growth Rate Of Revenue
4.35%
Five Year Compounded Annual Growth Rate Of Revenue
6.36%
Investments
Details Hidden

Paroc Group Oy manufactures mineral wool insulation products. The firm's products include acoustics, Building Constructions, HVAC and process Industry, OEM, Marine and Offshore. Its building insulation is mainly used for thermal, fire, and sound insulation of exterior walls, roofs, floors, basements, intermediate floors, and partitions. The company was incorporated in 1937 and is headquartered in Helsinki, Finland.

Suppliers
Etteplan Oyj Electrical Products | Vantaa, Finland

Etteplan Oyj engages in the development and provision of industrial equipment engineering and technical documentation solutions. It operates through the following geographical segments: Finland, Sweden, China, and Central Europe. It offers managed services, outsourcing, engineer-to-order, device creation, application management, and software solutions for technical documentation. The company was founded by Tero Elomaa, Tapani Mönkkönen, and Esko Poltto in 1983 and is headquartered in Vantaa, Finland.

Prima Industrie SpA Industrial Machinery & Manufacturing | Collegno, Italy

Prima Industrie SpA engages in the development, manufacture, and marketing of laser systems for industrial applications, sheet metal processing machinery, and industrial electronics and laser sources. It operates through the Prima Power and Prima Electro business segments. The Prima Power segment develops, manufactures, and markets cutting, welding, and punching machines for three-dimensional and two-dimensional metallic components; as well as sheet metal processing machines that use mechanical tools. The Prima Electro segment includes the development, construction, and sale of electronic power and control components; and high-power laser sources for industrial applications. The company was founded by Gianfranco Carbonato in 1977 and is headquartered in Collegno, Italy.

The International Business Machines Corporation (IBM) is an American multinational technology and consulting corporation, with headquarters in Armonk, New York, United States. IBM manufactures and markets computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

Awards & Honors
Rank #42
2014
Forbes - World's 100 Most Innovative Companies
Sponsored by Forbes Magazine
Rank #39
2011
Forbes Magazine - The Nifty 50
Sponsored by
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