SEOUL (dpa-AFX) - Otis Elevator Korea (OTIS), a subsidiary of Otis Worldwide Corporation (OTIS) and a maker of elevators and escalators, said on Friday that it has inked a deal to buy Schindler Elevator Company, Ltd. in Korea.
The acquisition of Schindler Elevator will complement Otis' current customer coverage, portfolio, and field execution capacity, enabling Otis to better serve customers in Korea.
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