Schindler to remain a Swiss company in the long term
Ebikon/LU - As a sign of its commitment to Switzerland as a location, the founding families of elevator manufacturer Schindler are to reallocate shares from the fourth to the fifth generation over the next two years.
The founding families of Schindler, which are bound by a shareholder agreement, hold 44% of the total capital and 71% of the voting rights of Schindler Holding. The company has now announced that the families will reallocate shares from the fourth to the fifth generation to secure the families status as majority shareholder and to express their long-term commitment to Switzerland as a location.
Up to 15 transactions are expected to take place over the next two years, ranging from CHF 20 million to CHF 350 million each. The first transaction in the amount of CHF 317 million was closed on December 27.
Schindler was founded in Lucerne in 1874. In 2018, the elevator manufacturer reported CHF 10.9 billion in revenue and a profit of CHF 1 billion. It employs around 64,500 people worldwide.
