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Schindler Holding Ltd. [2] is a Swiss multinational company which manufactures escalators, moving walkways, and elevators worldwide, founded in Switzerland in 1874. Schindler produces, installs, maintains and modernizes lifts and escalators in many types of buildings including residential, commercial and high-rise buildings.
Montgomery Elevator: Acquired by Kone, Canadian division in 1985 and U.S. division in 1994. Marshall Elevator: Sold to Otis; Schweizerische Aufzügefabrik AG; Thyssen AG: Merged with Krupp and became ThyssenKrupp in 1999, with subsidiary ThyssenKrupp Elevator AG; ThyssenKrupp Elevator AG announced in 2021 a name change and rebranding to TK ...
Otis elevator in Glasgow, Scotland, imported from the U.S. in 1856 for Gardner's Warehouse, the oldest cast-iron fronted building in the British Isles [7] Otis founded the Otis Elevator Company in Yonkers, New York, in 1853. When he died in 1861 his sons Charles and Norton formed a partnership and continued the business.
In 2005, Schindler acquired the Hontz Elevator Company [1] after a brief legal battle with the German authorities over the registration of the company name. [citation needed] The court held that the Hontz Elevator Company had been established in the 19th century by Karl Hontz (then under the title Die Hontz Aufzugfirma) according to a folder of documents that had previously surfaced in the ...
In 1979, the company entered the United States market by purchasing the Haughton Elevator company. [12] A decade later, Schindler assumed control of the North American escalator/elevator operations of Westinghouse, forming Schindler's American division. [13]
Westinghouse expanded into the elevator business, establishing the Westinghouse Elevator Company in 1928; it sold its elevator business to Schindler Group (forming the Schindler Elevator Corporation) in 1989. Throughout the decade, diversification engendered considerable growth; sales went from $43 million in 1914 to $216 million in 1929.
Hyundai Elevator was established as a joint venture between Hyundai Electrical Engineering and Westinghouse Electric in 1984. [2] Schindler Group, a Swiss-based company, succeeded Westinghouse's stake in Hyundai Elevator when Westinghouse disposed of its escalator business in 1989. [3]
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