Schindler

What Schindler does

Schindler Holding AG is a Swiss multinational (founded 1874, HQ Ebikon, Switzerland) and one of the world's largest manufacturers, installers, and maintainers of elevators, escalators, and moving walks, serving customers in more than 140 countries with a workforce of 70,000+. Its product platform spans passenger elevators (Schindler 1000 through 7000 series, scaled by building height and use case), special-purpose elevators (Schindler 2400 service, 2500 hospital, 2600 freight), escalators (9300, 9700AE), and moving walks (9500/9500AE). The hardware portfolio is augmented by an integrated software layer under the Schindler Ahead brand (RemoteMonitoring, ActionBoard, Conecta, MySchindler, MediaScreen, SmartMirror, AdScreen), the Schindler PORT destination-control system, modernization solutions (ReStore, ReNew, RePlace, Adapta), and the Schindler R.I.S.E robotic installation system.

The company's business model rests on three revenue streams: one-time equipment sales for new installations, recurring multi-year maintenance and service contracts on the installed base, and spare parts/components. GTM is predominantly enterprise field sales (direct engagement with developers, architects, and general contractors on large projects) complemented by a global distributor network. Spanish operations (Schindler S.A., headquartered in Alcobendas with ~2,500 employees, 18 branches, and 31 delegations) trace back to 1946 and contribute to a wider Iberia region that also covers Portugal and Andorra under CEO Felipe Kops.

Schindler reports on a consolidated basis: FY2025 revenue of CHF 10,947 million, EBIT of CHF 1,384 million (12.6% margin), and net profit of CHF 1,073 million, with net liquidity of CHF 3.9 billion. Q1 2026 revenue was CHF 2,593 million with continued growth in new-equipment orders and stable service revenue. Recent strategic actions include the April 2025 appointment of Paolo Compagna as Group CEO, the U.S. launch of the Schindler 5000 MRL elevator, a partnership to localize elevator manufacturing in Egypt with Talaat Moustafa Group and AOI, and the absorption of subsidiary Gessel Automatització S.A. in Spain.

Name

Schindler

Legal name

Schindler Holding AG

Website

https://schindler.es

Company type

Public

Founded year

1874

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Schindler is a Swiss multinational (founded 1874) that manufactures, installs, maintains, and modernizes elevators, escalators, and moving walks for building developers, architects, property managers, and infrastructure operators across more than 140 countries.

Ownership category

akta.pro rank

Headquarters

HQ city

Alcobendas

HQ country

Spain

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Equipment Sales - New Installations: Sale of new elevators, escalators, and moving walkways to building developers, contractors, and property owners for new construction and modernization projects. Revenue recognized upon installation completion and handover.
2. Maintenance and Service Contracts: Recurring maintenance contracts for installed equipment including preventive maintenance, emergency repairs, and modernization services. These contracts provide predictable recurring revenue streams.
3. Spare Parts and Components: Supply of replacement parts, components, and modernization kits for existing installations, supporting both proprietary and competitive equipment maintenance.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Schindler manufactures, installs, maintains, and modernizes elevators, escalators, and moving walks for residential, commercial, healthcare, hospitality, retail, and transportation infrastructure buildings. The company sells hardware equipment (passenger, service, hospital, and freight elevator models, plus escalator and moving walk platforms) through direct enterprise sales and a global distributor network, and earns substantial recurring revenue from long-term maintenance, modernization, and spare parts service contracts covering its installed base.

Product overview

Schindler is a leading global manufacturer, installer, maintainer, and modernizer of elevators, escalators, and moving walks. The product portfolio comprises a unified platform of hardware products organized by capacity and application: passenger elevators (Schindler 1000 through 7000 series for residential, commercial, and high-rise applications), special-purpose elevators (Schindler 2400/2500/2600 for service, hospital, and freight use), and escalators/moving walks (Schindler 9300, 9700AE, 9500 series). This hardware platform is augmented by add-on modules including the Schindler PORT destination control system, digital connectivity services under the Schindler Ahead brand (Conecta, ActionBoard, RemoteMonitoring, MySchindler app), media services (MediaScreen, SmartMirror, AdScreen), modernization solutions (ReStore, ReNew, RePlace, Adapta), and innovation technologies (R.I.S.E robotic installation, BIM integration, Digital Plan planning tool). The Schindler SMART model represents a significant legacy residential product still present in over 20,000 installations in Spain, representing a key modernization opportunity.

Differentiator

Problem solved

Functional benefit

Brands

• Schindler PORT: Person transit management technology that revolutionizes traffic flow optimization in buildings with personalized service and access control.
• Schindler Ahead
• Schindler R.I.S.E
• Schindler SMART
• Schindler Digital Plan
• Schindler Campus
• Schindler Conecta
• Schindler RemoteMonitoring
• Schindler ActionBoard
• Schindler ReStore
• Schindler ReNew
• Schindler RePlace
• Schindler MediaScreen
• Schindler SmartMirror
• Schindler AdScreen

Products and services

• Schindler 1000 Passenger elevator designed for residential and small commercial buildings, simplifying management from selection and planning through maintenance and operation.
• Schindler 3000 Passenger elevator solution for residential buildings, hotels, and small commercial projects, offering practical functionality.
• Schindler 5000 Machine-room-less mid-rise elevator combining design, functionality, and flexibility for commercial projects and high-end residential applications, featuring regenerative drive and IoT connectivity.
• Schindler 6000 Premium passenger elevator delivering exceptional experience through cutting-edge technologies, sophisticated finishes, and increased capacities.
• Schindler 7000 High-end elevator solution designed for the tallest buildings, offering efficient and innovative mobility solutions with advanced technologies.
• Schindler 2400 Extra-large service elevator for transporting people and light loads such as carts and pallets in industrial and commercial settings.
• Schindler 2500 Hospital bed elevator designed for comfortable transport of patients and people requiring specific care, with European Medical Device Regulation (EU MDR) compliance.
• Schindler 2600 Freight elevator designed for special loads in industrial facilities, shopping centers, and other commercial environments.
• Schindler 9300 Escalator with enhanced safety features, energy efficiency, and space savings, defining cutting-edge technology for commercial and public spaces.
• Schindler 9700AE Heavy-duty escalator designed for large public spaces with high traffic demands such as airports, metros, and train stations.
• Schindler 9500AE Inclined moving walkway ideal for commercial applications such as shopping centers.
• Schindler 9500 Horizontal moving walkway designed for public transport requirements in airports, convention centers, and facilities with distances up to 150 meters.
• Schindler SMART Legacy machine-room-less residential elevator model, one of the first MRL elevators in the market, with over 20,000 units still operating in Spain and representing a key modernization opportunity.
• Maintenance and Service Contracts Recurring maintenance, preventive service, and emergency repair contracts covering Schindler and competitive elevator and escalator installations, generating predictable recurring revenue streams.
• Modernization Solutions Comprehensive elevator modernization solutions including ReStore (electrical component replacement), ReNew (control system and drive upgrade), RePlace (full replacement), and Adapta (installation in existing stairwells) for extending equipment lifespan and improving performance.
• Spare Parts and Components Supply of replacement parts, components, and modernization kits for existing elevator and escalator installations, supporting both Schindler and competitive equipment maintenance.
• New Equipment Installation Services Installation of new elevators, escalators, and moving walkways for new construction and modernization projects, with revenue recognized upon installation completion and handover.

Quantifiable outcome

• Schindler 5000 recognized in Building Design + Construction's 75 Top Products for 2025 (#29)

Named customers1 record

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Talaat Moustafa Group (TMG)coreStrategic or Co-development Partner · 1 January 2023Strategic partnership with Talaat Moustafa Group for localizing elevator manufacturing in Egypt. TMG, a major Egyptian real estate developer, collaborates with Schindler to establish local production capabilities, serving TMG's extensive real estate development portfolio while building regional manufacturing capacity.
• Arab Organisation for Industrialization (AOI)coreStrategic or Co-development PartnerPartnership with Arab Organisation for Industrialization (AOI), an Egyptian state-owned industrial group, to support the localization of elevator manufacturing in Egypt. This partnership enables technology transfer and local production capabilities within the Egyptian industrial ecosystem.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Otis Worldwide: Otis is the world's largest elevator and escalator manufacturer, spun off from United Technologies in 2020. Directly competes with Schindler across new installations, modernization, and service in commercial, residential, and infrastructure segments globally, with comparable product portfolios and GTM motion.
• Kone: Kone is a Finnish-headquartered global elevator and escalator manufacturer with similar scale to Schindler (~EUR 10B+ revenue). Directly competes across all segments, with particularly strong position in Europe and Asia-Pacific; Kone is currently pursuing a merger with TK Elevator that Schindler is opposing.
• TK Elevator: TK Elevator (formerly ThyssenKrupp Elevator Technology) is a top-tier global elevator and escalator company headquartered in Germany. Direct peer in new installations, service, and modernization, currently subject to a proposed merger with Kone that would create the industry leader.
• Hyundai Elevator: Hyundai Elevator is a South Korean elevator manufacturer with growing international presence. Direct peer in mid-rise and high-rise applications, and notably the subject of a prior Schindler ISDS arbitration case regarding Korean regulatory action on Hyundai Elevator capital increases.
• Fujitec: Fujitec is a Japanese elevator and escalator manufacturer with global operations, particularly strong in Asia and the Americas. Comparable in scale and product portfolio, with direct overlap in commercial and high-rise segments; trades publicly on Tokyo Stock Exchange.

Broad incumbents

• Mitsubishi Electric: Mitsubishi Electric's Building Systems Division manufactures elevators and escalators as part of a diversified industrial conglomerate. Strong in Asia (particularly Japan, China, Korea) but with global service coverage; overlaps Schindler in commercial high-rise applications.
• Hitachi: Hitachi's Building Systems business includes elevators, escalators, and building solutions as part of a diversified Japanese conglomerate. Competes with Schindler in commercial and high-rise applications globally, particularly strong in Asia and through the Johnson Lifts partnership in India.

Regional players

• Stannah Lifts: Stannah is a UK-based, family-owned lift manufacturer and service provider with strong UK and Ireland presence. Comparable in service and low-rise products but geographically narrower; competes with Schindler in residential and accessibility segments in the UK market.
• Kleemann Hellas: Kleemann is a Greek-based elevator manufacturer with strong presence in EU markets, particularly residential and mid-rise commercial applications. Comparable product range but more regional focus, often competing with Schindler in Southern European tenders.

Emerging players

• Canny Elevator: Canny Elevator is a Chinese elevator manufacturer with growing international footprint, particularly in emerging markets. Competes primarily on price in mid-rise residential and basic commercial segments, representing a lower-cost alternative to Schindler in price-sensitive geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/schindler-sa

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Schindler