Schindler Elevator Corporation Acquires Skyline Elevator Inc.

TORONTO, October 14, 2013 – Schindler Elevator Corporation (Canada), a leading elevator and escalator company in North America, has acquired Skyline Elevator Inc. based in London, Ontario.

Established in 1975, Skyline Elevator Inc. focuses primarily on elevator maintenance, repair and modernization. Skyline Elevator Inc. will continue to operate under its existing name and all of its employees will remain with the company. The financial terms of the acquisition were not disclosed. The acquisition will enable Schindler to expand its presence in the southwestern Ontario area and lay the groundwork for future growth there.

"Schindler is very enthusiastic about this acquisition," said Jeff Coles, president, Schindler Canada. "We are very happy to welcome Skyline’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."

"Skyline chose Schindler because it shares our commitment to providing the highest quality service and satisfaction to our customers," said Bill Rogan, founder and president of Skyline Elevator, Inc. "The fact that Schindler employs cutting-edge technology in their service delivery efforts was also a great incentive for us."