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DBusiness Daily Update: Finland s KONE Acquires Detroit Elevator Co in Ferndale, Rochester Hills Leather Supplier Changes Name to Pangea, and More

KONE : Acquires Detroit Elevator Company

Metro Will Replace 130 Escalators Over Next Seven Years | Montgomery Community Media

Metro announced plans to replace 130 escalators at 32 stations. A $179 million, seven year contract, was awarded to KONE Americas, with headquarters in Finland. Work is expected to begin in May. The projected date of completion is April 2027. All stations are expected to remain open during construction. The work also includes new safety features and LED lighting. Scheduled for replacement in Montgomery County Metro stations are two escalators at Rockville, five at Silver Spring, one at Twinbrook, four at Grosvenor and two at Medical Center. “Focused investment in safety and reliability improvements have resulted in 95 percent of Metro’s escalators being in service to customers,” said Metro General Manager/CEO Paul J. Wiedefeld. “Replacing these escalators that average 38-years old, will ensure we maintain reliability for our customers today and into the future.”

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