KONE strengthens East African presence
Elevator giant buys out distributors covering Kenya and Uganda
Elevator manufacturer KONE has acquired the elevator and escalator business of Marryat & Scott (Kenya) and Marryats East Africa, which were previously the company's authorised dealers in East and Central Africa.
The firm said the deals would help to grow its presence in the African market and improve the availability of its elevators and escalators in Kenya, Uganda, Rwanda and Tanzania.
Marryat & Scott (Kenya) had been operating in the local market for over 50 years and had been KONE's distributor in the country since 2003. Marryats East Africa has been KONE's distributor in Uganda since 2003. Together, the companies employ over 120 staff.
Pierre Liautaud, Kone's executive vice-president for West and South Europe and Africa, said: "Africa is urbanising rapidly and new housing and infrastructure building projects are emerging as a result. This creates business opportunities for KONE.
"These acquisitions are in line with our long-term business strategy, and we look forward to bringing reliable products and services to Kenya, Uganda and their neighbouring regions."
Kone recently opened a new office in Dubai aimed at strengthening its presence across the Middle East.