# KONE acquires Orbitz Elevators in Australia and New Zealand

Finnish elevator company KONE has acquired the service business of Orbitz Elevators in Australia and all lines of its business in New Zealand for an undisclosed sum. The acquisition excludes Orbitz Elevators Papua New Guinea and the vertical projects business.

- Type: Acquisition
- Announced: 2024-05-08
- Where: Gold Coast, Queensland, Australia
- Status: announced
- Products: elevator services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [KONE](https://endata.com/companies/17797.md) (acquirer)
- [Orbitz Elevators](https://endata.com/companies/77320.md) (target)

## Sources

- [businessnewsaustralia.com](https://www.businessnewsaustralia.com/articles/kone-buys-gold-coast-lift-services-company-orbitz-elevators.html), 2024-05-08: "Our acquisition of Orbitz Elevators complements KONE’s existing service offerings in the South-Pacific and beyond."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.