Schindler Group

Overview

Schindler Holding Ltd.

native name	French and Italian: Schindler Holding S.A.
type	Public
traded as	swx: SCHN swx: SCHP SMI MID components
industry	Vertical transportation
foundation	1874
founders	Robert Schindler Eduard Villiger
location city	Ebikon, Canton of Lucerne
area served	Worldwide (Except Japan and Russia, Belarus because of the Minato Ward 2006 elevator accident and the Boycott of Russia and Belarus)
key people	Paolo Compagna (CEO)
products	Elevators, Escalators, Moving walkways
revenue	CHF10.95 billion (2025)‡R1R‡
operating income	CHF1.31 billion (2025)‡R1R‡
net income	CHF1.07 billion (2025)‡R1R‡
assets	CHF11.72 billion (2025)‡R1R‡
equity	CHF5.15 billion (2025)‡R1R‡
num employees	67,381 (December 2025)
subsid	Atlas Schindler Brasil, Villarta Brasil Schindler Elevator Ltd. Schindler Elevator Corporation
location country	Switzerland
homepage	https://group.schindler.com/

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.

The company is present in over 140 countries and employs more than 66,000 people worldwide.[3] The production facilities are located in Brazil, China, Slovakia, Spain, Switzerland, India and the United States.[4] All operations and subsidiaries of Schindler Group are organised into Schindler Holding Ltd., which is publicly traded on SIX Swiss Exchange.

History

The company was founded in Lucerne, Switzerland in 1874,[5]

Incidents

On November 29, 2004, a Schindler elevator in Nagoya descended while the door was still open. Nobody was injured in this incident. A later investigation found that the elevator's firmware "TV60 v1.1" had a bug that opened the door when the elevator started moving.

On April 22, 2006, three passengers were trapped in an elevator in Hachioji, Tokyo after the elevator's door opened while it was ascending. The elevator had faulty "TV60 v1.0" firmware.

On June 3, 2006, a Schindler elevator in Minato, Tokyo, started ascending while the door was open. A 16-year-old boy was crushed to death while getting off the elevator with his bicycle. An investigation determined a faulty brake was to blame.[10] When the government investigation team requested Schindler to disclose the information about elevators installed, Schindler declined to comply with the request and investigation claiming that documents contained personal information.[11]

On June 10, 2006, a Schindler elevator in Urayasu started ascending while the door was open, passed the top floor, and finally stopped in the mechanical shaft. Two people were trapped in the car. The elevator had firmware "80TH v1.4" with faulty codes.[10]

On October 16, 2007, a 9-year-old boy hit his head against the wall after getting his head stuck between the handrail of a Schindler escalator and an acrylic board in a Seiyu store (a subsidiary of Wal-Mart Stores Inc.) in Hiratsuka, Kanagawa Prefecture. He remained unconscious for three days before regaining consciousness. Later investigation found that escalators were not installed in accordance with the Japanese building code, despite the previous claim from Schindler, which was the maintenance contractor.[12]

On November 16, 2010, 18 students at the Kashiwa campus of the University of Tokyo fell from the ground floor to the basement floor in a Schindler elevator with the doors still open. One student incurred a minor injury while trying to escape. Schindler determined the cause to be loose brake wires.[13]

On December 11, 2013, The California Division of Occupational Safety and Health Department announced fines against Schindler for three "serious violations", after one of its elevator mechanics died in June while working on the Levi's Stadium.[14]

Schindler Group

History

Incidents

See also

External links

References