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| Jardine Schindler acquires majority stake in XJ Elevator Private Limited in Singapore Schindler Singapore, a subsidiary of Jardine Schindler Group, has acquired 51% of XJ Elevator Private Limited – the exclusive distributor of XJ elevator equipment in Singapore, Asia-Pacific and the Middle East. The acquisition is a natural consequence of the acquisition by Schindler Holding of a majority stake in XJ (Xuchang) Elevator Co. Ltd, now named XJ-Schindler, in 2014. Based in Henan Province, XJ-Schindler is a leading Chinese elevator and escalator company, with its own design, manufacturing, installation and maintenance operations. The acquisition brings strategic opportunities to Jardine Schindler's operations in Singapore and throughout the region. Both parties agreed to keep the details of the transaction confidential. write your comments about the article :: © 2016 Construction News :: home page |