OTIS' Taiwan Subsidiary Acquires Jardine Schindler Lifts in Taiwan - Comfort Systems USA (NYSE:FIX), Frontdoor (NASDAQ:FTDR)

OTIS' Taiwan Subsidiary Acquires Jardine Schindler Lifts in Taiwan - Comfort Systems USA (NYSE:FIX), Frontdoor (NASDAQ:FTDR)

The Taiwan subsidiary of Otis Worldwide Corporation (NYSE: OTIS) has acquired Jardine Schindler Lifts Limited (Taiwan) from the Jardine Schindler Group. This buyout will strengthen the company's position in the Taiwan market with the expanded customer reach and operational capacity of Jardine Schindler Lifts. Otis is optimistic about introducing its products and service offerings, including the recently launched Otis ONE platform and the connect…

Jardine Schindler Group completes the sale of Jardine Schindler Lifts Limited in Taiwan

TAIPEI, Sept. 10, 2024 /PRNewswire/ — Jardine Schindler Group announces that it has sold Jardine Schindler Lifts Ltd. in Taiwan to Otis Elevator Company (Taiwan) Limited, following a strategic review.  Jardine Schindler Group is a joint venture between Jardine Matheson and the Schindler Group, which covers markets across South East Asia. Jardine Schindler Group decided to sell the business in Taiwan to refocus its capital and resources. “We wou…

Otis Taiwan Completes Jardine Schindler Lifts Limited Acquisition

Otis Elevator Company (Taiwan) Limited has completed the acquisition of Jardine Schindler Lifts Limited in Taiwan from the Jardine Schindler Group. Otis Taiwan is a subsidiary of Otis Worldwide Corporation  (NYSE: OTIS), the world’s leading company for elevator and escalator manufacturing, installation and service. Jardine Schindler’s elevator and escalator business in Taiwan, with approximately 200 employees, serves customers through its four b…