Schindler has been selected to deliver and install 180 escalators for two new routes of the Bangalore Metro Rail Corporation Ltd.'s Phase 2 project. The project will integrate the metro network with Bangalore's other urban transport systems, and eventually will connect the city's tech hub with Bangalore International Airport. Bangalore, India's third-largest city, is well-known as a global tech hub. The Phase 2 project, which is set to be completed by 2026, will promote public transport to Bangalore's Information Technology (IT) district and is intended to ease the city's traffic congestion. Implementation has been divided into different elevated reach extensions and underground sections. The project for which Schindler has been selected includes 140 escalators for the extension that will serve as the new Yellow Line route connecting Bangalore with Electronic City - one of India's IT industrial parks. In addition, Schindler will deliver and install 40 escalators for the new Pink Line north-south route through the city. The new stations will be able to transport an additional 370,000 passengers a day.
Schindler Holding AG is a Switzerland-based holding company that specializes in the manufacture of escalators, elevators and moving walks. It operates globally within one main segment: Elevators and Escalators. The Elevators and Escalators segment provides a range of elevators for different applications, including freight and special elevators, high-rise elevators, residential elevators and commercial elevators. It also offers commercial and public transport escalators, as well as inclined and horizontal moving walks. It's affiliated company, ALSO Holding AG, which provided information and communications technology and consumer electronics in the wholesale and logistics sectors, was disposed during 2011 and merged with Actebis GmbH, forming ALSO-Actebis Holding AG. In June 2014, closed the real estate development project Mall of Switzerland (formerly EbiSquare) together with Halter AG and sold its stake in EbiSquare AG to Halter AG