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 Schindler Holding AG engages in the design, manufacture, installation, and modernization of elevator and escalator systems. It operates through the following business segment: Elevators and Escalators. The Elevators and Escalators segment engages in the production and installation of new elevators and escalators, as well as the modernization, maintenance and repair of existing installations. It also deals with the distribution and logistics of information technology and consumer electronics in Europe. The company was founded in 1874 and is headquartered in Ebikon, Switzerland.

“Schindler Holding history

The company was founded in Switzerland in 1874, by Robert Schindler and Eduard Villiger who established the collective joint partnership Schindler & Villiger. Shortly thereafter, a mechanical engineering workshop was built on an island in the River Reuss inLucerne, Switzerland, for the production of lifting equipment and machines of all types.

Schindler founded the first foreign subsidiary in Berlin (Germany) in 1906. Thereafter, the company expanded continuously and mainly throughout Europe. In 1980 Schindler founded the first Western industrial joint venture in the People’s Republic of China. With the takeover of Atlas in Brazil in 1999 Schindler became a major market player in South America.

Schindler entered the North American elevator market with the purchase of Toledo-based Haughton Elevator Company in 1979 – briefly branding their products as Schindler-Haughton. In 1989, the company dramatically increased its presence in the United States after acquiring the Elevator/Escalator division of Westinghouse Electric, one of the largest producers of elevators and escalators at the time. Currently, Schindler Elevator Corporation, the United States operations of Schindler Group, is based in Morristown, New Jersey.

In February 2007, Schindler, along with competitors Otis Elevator Co., ThyssenKrupp, Kone, and Mitsubishi Elevator Europe were fined by theEuropean Union for a price-fixing cartel. Schindler was fined 144 million euros, or about $189.3 million US dollars.

Since 2011, Schindler have sponsored Solar Impulse, a solar-powered aircraft.”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “Schindler