Schindler Elevator Corporation Acquires Midland Elevator Company by EON


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									Schindler Elevator Corporation Acquires Midland
Elevator Company
Local New York firm to join global company

September 06, 2011 12:03 PM Eastern Daylight Time 

MORRISTOWN, N.J.--(EON: Enhanced Online News)--Schindler Elevator Corporation, a leading elevator and
escalator manufacturer in North America, has acquired White Plains, New York-based Midland Elevator Company,

Established in 1984, Midland Elevator Company focuses primarily on elevator maintenance, repair and
modernization. The acquisition will enable Schindler to expand its presence in the greater New York area and lay the
groundwork for future growth there.

"Schindler is very enthusiastic about this acquisition," said Jakob Zueger, chief executive officer, Schindler Americas.
"We are very happy to welcome Midland’s customers and employees. Each company stands to gain a good deal
from the other's particular strengths, with great prospects for future profitable growth and progress.” 

“This acquisition demonstrates Schindler’s commitment to grow strategically through the acquisition of quality
independent elevator service companies,” said John Impellizzeri, Schindler’s vice president responsible for mergers
and acquisitions.

About Schindler Elevator Corporation

Schindler Elevator Corporation designs, manufactures, installs, services and modernizes a broad range of elevators,
escalators and moving walks for almost every building type. The company is the North American operation of the
Switzerland-based Schindler Group, a leading global mobility provider with approximately 43,000 employees
operating in more than 100 countries. Schindler supports sustainable urban development with safe, reliable and
ecologically sound mobility solutions. Recently named one of Forbes Magazine’s 100 Most Innovative Companies
for 2011, Schindler equipment moves one billion people everyday all over the world. For additional information
about Schindler Elevator Corporation, visit the company’s Web site at

Schindler Elevator Corporation
Kathy Rucki, 973-397-6564
Manager, Corporate Communications
Fax 973-397-3619
Kim Hoskins, 973-397-3797
Corporate Communications Specialist
Fax: 973-397-3619
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