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Title
KONE Acquires Australia's Orbitz Elevators.
Abstract
KONE, a global leader in the elevator industry, has acquired the service business of Orbitz Elevators in Australia and New Zealand. The acquisition will allow KONE to expand its production capacity and meet the growing demand for elevator solutions in Brazil. Orbitz Elevators will continue to operate as a separate entity until the integration is completed. The acquisition complements KONE's existing service offerings in the South Pacific and will provide customers with a broader portfolio of innovative and sustainable products and services.