Press release: Schindler acquires Dralle Aufzüge in Bielefeld, Germany

Schindler is to fully acquire the German Dralle Aufzüge GmbH & Co KG. The family-owned elevator company from Bielefeld has been engaged for nearly 50 years in the manufacturing, installation, modernization and maintenance of elevators and has over 90 employees.

Schindler has been active in the German market since 1906. The acquisition of Dralle Aufzüge will further complement Schindler Germany's strategic direction, particularly increasing its closeness to customers in North Rhine-Westphalia.

The closing of the transaction is subject to merger control clearance by the competent antitrust authorities.

Both parties agreed to keep the details of the transaction confidential.

About Schindler

Founded in Switzerland in 1874, the Schindler Group is a leading global provider of elevators, escalators and related services. Schindler mobility solutions move more than one billion people every day all over the world. The company's success is driven by over 58 000 employees in more than 100 countries.