Schindler Elevator Corporation Sells O. Thompson Company; Motion Control Engineering Purchases O. Thompson.MORRISTOWN, N.J. -- Schindler Elevator Corporation, a leading elevator and escalator manufacturer in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , has sold its O. Thompson Company (O. Thompson) to Motion Control Engineering, Inc., (MCE See Media Center Edition. ). MCE is a supplier of elevator controls based in Rancho Cordova, California Rancho Cordova is a city in Sacramento County, California, USA, that incorporated in 2003. The State of California estimates its population at 59,056 as of January 1, 2007 [1] History . Terms of the agreement are undisclosed. The sale closed on September 21, 2004. O. Thompson, located in Glendale, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , has been serving the elevator industry for over 65 years. They offer a complete line of elevator controls as well as remote diagnostic and building management products. "Schindler Elevator Corporation continually looks for opportunities to improve shareholder value by realigning its business," said Heikki Poutanen, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Schindler North and South American Operations 'South American' operation Surgical oncology A radical operation for 'frozen' pelvis, which consists of en bloc resection of the uterus and rectum. See Frozen pelvis. Cf 'All-American' and 'North American' operations. . "Our decision was driven by a need to focus on growth opportunities in our core business in order to meet growing demand." "Javad Rahimian, CEO of MCE, stated, "The acquisition of O. Thompson greatly enhances our presence in New York, North America's largest elevator market. MCE will now have a broader portfolio of products to cover this market." About Schindler Elevator Corporation Schindler Elevator Corporation manufactures, installs, services and modernizes a broad range of elevators, escalators and moving walks for various people-moving applications. The company is the North American operation North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. of the Swiss-based Schindler Group, the world's largest escalator manufacturer and the second largest elevator manufacturer. For additional information about Schindler Elevator Corporation, visit the company's Web site at www.us.schindler.com. About Motion Control Engineering, Inc. Headquartered in Rancho Cordova (Sacramento) California, USA, MCE employs nearly 400 people, offers products and services in more than 20 countries and territories; and has an installed base of approximately 90,000 elevator controllers. For additional information about MCE, visit the company's Web site at www.mceinc.com. |
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