Konecranes' history dates back to 1910 when the electrical motor repair shop KONE Corporation was founded. Konecranes was part of the international Finland-based KONE Corporation until April 15, 1994 when KONE as part of structural changes disposed of all operations, excluding its elevator business. The company sold the operations of its crane division to a group of institutional investors (Sweden-based Industri Kapital) and members of the crane division's senior management.
Konecranes shares have been quoted on the Helsinki Stock Exchange since 1996. Konecranes has grown over the years mainly organically but has a strong acquisition track record as well.