September 29, 2016 / 9:31 AM / a year ago

UPDATE 1-Finland's Kone buys majority stake in Spain's Citylift

(Adds detail)

Sept 29 (Reuters) -

* Finnish elevator maker Kone said on Thursday it had acquired a majority stake in Spanish elevator company Citylift, S.A., providing installation, maintenance and modernization services

* Kone said in a statement the acquisition will strengthen its position in the Spanish elevator market

* Price of the acquisition was not disclosed

* Citylift currently employs 111 people and services over 5,000 elevators in Spain Source text for Eikon: Further company coverage: (Helsinki Newsroom)

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