Otis Elevator?Korea?(“Otis Korea”)?has completed the acquisition of Schindler Elevator Company, Ltd. in?Korea (the “Company”).
The agreement announced in October?has been completed, and the Company is now part of the Otis Group.
“We’re excited to bring our global expertise to complement our local capabilities to even more customers across Korea.” said IS Cho, Senior Vice President & GM of Otis Korea.
“Otis has long been a trusted name in South Korea, and this milestone reflects our continued, deep commitment to the region. As our business expands, we look forward to connecting with our new colleagues and customers.” said Hemant Jolly, Vice President – Corporate Development, Strategy and Modernization – Asia Pacific.