BELLEVUE, Wash. – Schindler Elevator Corp., a manufacturer of elevators and escalators, announced Thursday its completion of the purchase of Sterling Elevator, LLC, based in Bellevue, Wash.
Financial terms were not disclosed.
Sterling Elevator’s business focused on elevator installation, service, repairs and modernization within Bellevue and the surrounding Seattle region.
“Schindler is very enthusiastic about this acquisition," said Scott Stadelman, president of Schindler Elevator Corp.'s North American operations. "We are very happy to welcome Sterling’s customers and employees as we enter this exciting new chapter in our history. Each company stands to gain a good deal from the other's particular strengths, with great prospects for future profitable growth and progress.”
Schindler Elevator is the North American operation of the Swiss-based Schindler Group, an escalator and elevator manufacturer.