"Cartel fined in the elevators and escalators sector"* On 21 February 2007 the Commission adopted a prohibition decision and imposed fines totalling €992 million on the Otis, KONE, Schindler and ThyssenKrupp groups for operating cartels for the sale, installation, maintenance and modernisation of elevators and escalators in Belgium, Germany, Luxembourg and the Netherlands. The decision was addressed to 17 national subsidiaries of the above undertakings, as well as their controlling parents, and to Mitsubishi Elevator Europe B.V. which participated in the Dutch cartel. KONE subsidiaries received full immunity from fines under the Commission’s leniency programme in respect of the cartels in Belgium and Luxembourg, for being first to provide information about these cartels. Similarly,
The EU Commission fines cartel in the elevators and escalators sector (Otis / KONE / Schindler / ThyssenKrupp)
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