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The significance of hoists and their role in our modern society is even more ubiquitous than we probably credit them for. From the medieval pulley hoists of Rome and Egypt to Elisha Otis’s breakthrough safety brake in 1852, the history of vertical transport has been a story of architects nudging buildings upward — on a physical level, at least. That tradition of building and invention endures today in Istanbul, where a 60-year-old company specializing in selling and assembling elevators and escalators is for sale. This isn’t just a transaction. It’s a chance to become part of a successful company with a deep history and a combination of old-school craft, state-of-the-art manufacturing, design, and global expansion.
What began as a boutique operation nearly two decades ago continues only in part. It’s not like many of the smaller, specialist suppliers that simply sell and walk away; the company continues through the entire cycle, from design and engineering, through installation, post-sale service, and into long-term maintenance contracts. Meanwhile, the brand has made a name for itself in Turkey and beyond: in the European and U.S. markets, the company’s permission systems are implemented in household and commercial plans.
The establishment furnishes a range of vertical mobility solutions, such as:
What distinguishes them is their in-house design and engineering arm, which paves the way for tailored systems for each building project. This has built up a strong base of recurring revenues through service and maintenance contracts, supported by a unique after-sales team.
This is a highly profitable business with stable margins:
All serious financials are provided after the buyer signs an NDA.
The owner is willing to consider:
This offer may be especially interesting to construction companies, infrastructure operators, or investors in mobility technologies looking for an “off-the-shelf” access to a mastered and exportable industry.
The company, which has a 20-year history, is poised for more growth:
The ambition is unmistakable: Within the next five years, the company hopes to become one of Europe’s top five elevator and escalator suppliers.
If you are a potential buyer or purchaser, then what are you waiting for? (Equal Opportunity Employer: it is your/our responsibility.) Interested buyers and purchasers are invited to inquire. Specific address and business and financial info are available with a signed NDA.
The business is future-minded, rooted in an engaging industry backstory. Before there were skyscrapers, hoists that relied on pulleys were used to lift cargo. The real game-changer came in the mid-19th century when Elisha Otis unveiled his safety brake, proving its mettle in a dramatic public demonstration in New York. In 1857, commercial passenger hoists were placed, and development in New York City pushed upward. This tradition of intelligent invention lives on in today’s elevator companies – like this one in Turkey – which combine their historical legacy with new requirements.
The leader all over the globe is the Otis Elevator Company, which is responsible for more than 1.9 million vertical movable solutions and moving staircases in facilities around the globe, carrying more than 2 billion people up and down every day.
Schindler, which dates back to 1853, is the oldest vertical moving solution and escalator company in existence since Elisha Otis developed the fail-stop mechanisms.
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