As approved by the Competition Authority, Schindler, Swiss manufacturer of escalators and elevators, has acquired 100 percent of the shares in the Turkish company OM Elektrik Makina Sanayi ve Ticaret A.Ş.–known with Omsan brand- through its wholly owned subsidiary Schindler Türkeli Asansör Sanayi A.Ş.Founded in 1874, Schindler Group operates in more than 140 countries, including Germany, Brazil, China, Spain, India, and the USA. It is among the world's Top 3 companies in its particular field. It employs 66,000 workers around and rakes in a turnover of USD 10 billion. This acquisition is the second biggest investment of the brand in Türkiye –after the buy out of Türkeli Asansör back in 1992. Omsan was founded in 1948, only to enter the elevator industry in 1975. It currently works with 180 employees at a 7,500 m2 production facility in Gebze, Kocaeli, Türkiye.