KONE completed the acquisition of PACA ascenseur.

KONE, ac company in the elevator and escalator industry, completed the acquisition of PACA ascenseur, an elevator maintenance business. Financial terms were not disclosed. "I find it satisfying that with KONE, PACA and its employees and customers get a committed long-term owner, creating new opportunities for the future and I wish them every success," Nico Delvaux, ASSA ABLOY President and CEO.