Back to top

KONE listed as one of the world's most innovative companies by Forbes

Press Release Published 06/01/2018

KONE Corporation, press release, June 1, 2018

KONE, a global leader in the elevator and escalator industry, has once again been ranked as one of the world's most innovative companies in 2018, by business magazine Forbes. It is the eighth annual list of its kind, which demonstrates creative disruption and innovation. This year, KONE ranked 59th making it the 7th most innovative company in Europe. KONE is also the only elevator and escalator company featured on the list.

"We are proud to have been recognized for our innovation approach by Forbes. At KONE, technological disruption and changing customer expectations provide us great opportunities to add value for customers in new ways and differentiate from the competition," says Henrik Ehrnrooth, KONE President and CEO. "We also recognize that as urbanization continues to generate new needs for buildings and infrastructure, I am excited at the potential ahead for KONE to continue developing completely new experiences together with our customers."

Some of KONE's recent breakthrough innovations include KONE 24/7 Connected Services which uses cutting edge technologies to bring safety, transparency and predictability to services for elevators and escalators, predicting faults before they happen and monitoring equipment in real time. Earlier this year, the company also introduced a new digital platform to create integrated and tailored solutions for its customers and transform the people flow experience in buildings and cities. The company's innovative KONE UltraRope® elevator hoisting technology eliminates disadvantages of much heavier traditional steel ropes, and enables elevator travel heights of up to 1,000 meters.

The rating is based on an innovation premium: the difference between companies' market capitalization and the net present value of cash flows from existing businesses. The full list of the world's most innovative companies can be seen on Forbes' website.

Read more:
Previous press releases are available here, including:

February 8, 2017: KONE revolutionizes elevator maintenance with new customizable KONE Care(TM) service offering and 24/7 Connected Services

Share this page


We use cookies to optimize site functionality and to give you the best possible experience while browsing our site. If you are fine with this and accept all cookies, just click the 'Accept' button. You can also review our privacy statement.


Are you interested in KONE as a corporate business or a career opportunity?

Corporate site

Would you like to find out more about the solutions available in your area, including the local contact information, on your respective KONE website?

Your suggested website is

United States

Go to your suggested website