Investor Presentaiton
CONSOLIDATED FINANCIAL STATEMENTS | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS | ACQUISTIONS AND CAPITAL EXPENDITURE
Acquisitions
and capex
267
MEUR
Completed
acquisitions 4
15
Acquisitions and capital
expenditure
IN THIS SECTION
This section comprises the following notes, which
describe acquisitions and capital expenditure at KONE:
4.1 Acquisitions and disposals
4.2 Goodwill
4.3 Intangible assets
4.4 Tangible assets
ACQUISITIONS AND CAPITAL EXPENDITURE AT
KONE
KONE's business is capital light and labor-intensive in
nature, particularly in services. On the new equipment
side, we cooperate with many component suppliers. As a
result, the level of tangible and intangible assets is
relatively low in the business.
Capital expenditure on leases consists mainly of
maintenance vehicles and office facilities.
Capital expenditure is mainly related to R&D, IT,
manufacturing and service operations.
KONE's acquisitions in 2021 consisted of small
maintenance companies in EMEA region as well as in
North America.
KONE's capital expenditure 2.1% of
sales in 2021
58
KONE ANNUAL REVIEW 2021View entire presentation