- Business
- Schindler Holding AG manufactures, installs, maintains, and modernizes elevators, escalators, and moving walks for buildings ranging from low-rise residential and commercial structures to high-rise developments and transportation hubs worldwide. The company provides a comprehensive portfolio of vertical mobility solutions, including passenger and freight elevators such as the X8 model with regenerative drives and low-carbon emission steel variants; escalators and moving walks for high-traffic environments like airports, malls, and stations; Schindler PORT transit management technology for optimized traffic flow and personalized access control; CleanMobility solutions for enhanced sanitation and safety; and digital services leveraging cloud connectivity for equipment monitoring, predictive maintenance, and passenger convenience. It operates through new installations, modernization, maintenance, and repair segments, serving customers across more than 100 countries from over 1,000 branch offices, with production facilities in eight countries including Switzerland, China, the United States, Brazil, India, Slovakia, and Spain, and six global R&D centers; founded in 1874 in Lucerne, Switzerland, and headquartered in Hergiswil with holding offices in Ebikon. Recent developments include a September 2025 Master Services and Supplies Agreement with Accor covering elevator, escalator, and moving walk installations, modernizations, and maintenance across nine Asian markets; the November 2025 acquisition of German elevator firm Butz & Neumair to bolster its service presence in Bavaria and Baden-Württemberg; a CHF 500 million share buyback program launched in 2025 extending through 2026 with share cancellations planned; robust modernization growth of over 20% in H1 2025 driven by aging infrastructure demand in Europe and Asia-Pacific; and upward revisions to full-year 2025 EBIT margin guidance to 12.5% amid margin expansion from cost efficiencies and high-margin service contracts, supported by an order backlog exceeding CHF 8.75 billion.