International operations account for 76% of net sales. KONE acquires Eguren in the Basque Country of Spain.

KONE buys French subsidiary of Falconi.

KONE buys Whitbread Lifts of the U.K.

KONE buys Brazilian company Elevadores Induco.

Ownership of Armor Elevator of the U.S.A transferred to KONE.

KONE buys Bauer, a Bavarian elevator company.

KONE buys British company Bennie Lifts.

KONE buys Flynn-Hill of the U.S.A.

KONE buys Italian elevator manufacturer Bassetti, Australia's EPL and Leonard Lifts of the U.K.

KONE buys the fourth largest US elevator manufacturer, Montgomery Elevator. KONE buys remaining shares in KONE India.

KONE buys Sabiem Elevators Pty of South Africa.

KONE launches a new, environmentally friendly ECO3000™ escalator.

KONE acquires Finnish crane , cargo handling, forest machine and tractor company Partek, whose total sales are roughly equal to KONE's.

In February, KONE and Giant Elevator Co. Ltd of China agreed to form a joint venture, Giant Kone Elevator Company Ltd. KONE owns 40 percent of Giant Kone, and Giant Elevator owns 60 percent. KONE has an option to increase its shareholding to more than 50 percent.

In April, KONE and Toshiba Elevator and Building Systems Corporation (TELC) agreed to strengthen their alliance by establishing a joint venture for escalator production in China. KONE owns 70 percent of the new company, and TELC owns 30 percent.

In April, KONE also signed a joint-venture agreement with Russia’s premier elevator company, Karacharovo Mechanical Factory (KMZ). KONE will own 40 percent of the new company and hold an option to increase its shareholding to a majority stake.

In December, KONE signed an agreement to acquire an 80 percent shareholding in Fuji Lift & Escalator of Malaysia. The addition of Fuji’s operations makes KONE one of the market leaders in both new equipment and service in Malaysia.

In January, KONE buys MIRO Elevators Limited, an elevator company located in the Greater Toronto Area (GTA), Canada. MIRO Elevators Limited offers elevator modernization, maintenance and service for residential and commercial market segments.

In July, KONE acquired the Lithuanian elevator company UAB Elektros Pavara ir Ko.

In September, KONE acquired RSU5, a St. Petersburg-based elevator company in Russia.

In December, KONE acquired Florida Coast Elevator, Inc., an elevator company based
in Fort Lauderdale, USA.

In March, KONE acquired ARA Lyon, a French elevator company based in Lyon.  KONE also acquired RPG Mantenimiento S.L., an elevator company based in Murcia, Spain.
In April, KONE acquired the Arundel Elevator Company, a full service elevator company based in Baltimore, Maryland. In August, KONE acquired the International Elevator Company (IEC), a full service elevator company based in New Jersey, USA.

In November, KONE acquired TECAS S.A., a Spanish elevator company based in Valencia, Spain. TECAS maintains elevators, sells new equipment and is specialized in elevator installations for existing buildings.

In March, KONE acquired FairWay Elevator Inc, one of the most successful independent elevator service companies in the Philadelphia area. Through this acquisition, KONE established itself as one of the largest elevator and escalator companies in the Philadelphia region.

In June, KONE acquired Excel Elevator Inc, an independent elevator service company based in Los Angeles, USA.  In addition its significant maintenance base, Excel has a great reputation in the Southern California market for its quality work in modernizing vertical transportation systems.

In February, KONE acquired ASBA Mantenimientos S.L., a Spanish elevator company. The acquisition strengthened KONE’s position in Spain and helped it to improve the maintenance and modernization operations in the Catalonia region.
In June, KONE acquired Reliant Elevator Company, the largest independent elevator service company in the State of Oregon, USA. Through this acquisition KONE strengthened its position as one of the leading elevator and escalator companies in the Portland metropolitan area and throughout Oregon.
In June, KONE also acquired ATPE-AMIB S.A., a French automatic door company. The Paris-based company provides and maintains gates, garage doors, access control and intercom installations in residential buildings.
In September, KONE acquired the Spanish MARVI Elevator group. MARVI installs, maintains and modernizes elevators in the eastern regions of Spain, and has an assembly and logistics center in Lérida (Catalonia). The acquisition strengthened KONE’s position in the eastern provinces of Spain.

In December, KONE acquired Virginia Elevator Company, a long established and successful independent elevator service company doing business in the greater Richmond area. Through this acquisition KONE establishes itself as one of the largest elevator and escalator companies in the State of Virginia.

In January, KONE acquired the assets related to the elevator and escalator service business of CNIM Canada Inc. including all of their Canadian maintenance contracts. CNIM Canada maintains approximately 1,300 units in the Montreal, Toronto and Ottawa metropolitan areas. Through this acquisition KONE solidifies itself as one of the largest elevator and escalator companies in Canada.