SCHINDLER, COMPANIA DE SERVICIOS AGREEMENT

摘要

Schindler Elevator Americas announced in December 2010 that it and Compania de Servicios S.A. executed a Term Sheet for a Share Purchase Agreement and, later, an intended merger in the country. The transaction will result in a strategic alliance combining Schindler's global resources with the Andino brand of Coservicios, a local elevator manufacturer. The resulting entity, provisionally named "Schindler Andino," will have access to locally produced elevator equipment through a planned procurement agreement with Coservicios. The acquisition and intended merger, which is subject to approval by the local government, will increase efficiencies and promote competitively priced elevator service, modernization, installation, maintenance and distribution.