You are here

Schindler unloads Japanese business to Otis after accident

Tuesday, April 5, 2016 - 13:39

[ZURICH] Elevator maker Schindler said it is selling its Japanese business to United Technologies' Otis unit after its new installations in the country were halted following a 2006 accident. It gave no financial terms.

Following the sale to Otis Japan, Swiss-based Schindler said it planned to remain in Japan to "meet its legal and societal obligations with respect to ongoing legal cases".


Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom