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Forbes ranks KONE in top 100 of most innovative companies

Forbes ranks KONE in top 100 of most innovative companies

Sep 12, 2016
Energy & resource efficiency
High-performance buildings

KONE, a global leader in the elevator and escalator industry, is ranked as one of the world's most innovative companies by business magazine Forbes. It is the sixth year running that KONE makes the world's most innovative companies list.

This year, KONE is ranked 56th, making it the 8th most innovative company in Europe. KONE is also the only elevator and escalator company featured on the list.

"Once again, we are proud to have been recognized for our innovation by Forbes. Changes in market dynamics and technologies mean we have established new areas for growth and built new partnerships," explains KONE Chief Technology Officer Tomio Pihkala.

"Urbanization and digitalization are important drivers for our innovation activities, but other examples where we want to create value for customers and wider society include setting up a new Technology and Innovation unit as well as announcing cooperation with companies including IBM."

Innovation has been at the core of KONE's business for decades. Some of the breakthrough innovations include KONE UltraRope, a high-rise elevator hoisting technology, and the KONE family of People Flow Intelligence solutions, which makes navigation through buildings smoother and smarter. KONE UltraRope is used, for example, in the world's tallest building Kingdom Tower in Jeddah, Saudi Arabia.

Forbes magazine's ranking is based on a metric called the "Innovation Premium": the difference between a company's market capitalization and its net present value of cash flows from existing businesses.

Recently Forbes also ranked KONE in the highest position among Finnish companies in its list of world's biggest companies.

Image: KONE

Source: KONE

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High-performance buildings