You are here

Schindler unloads Japanese business to Otis after accident

[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".

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom