Thyssenkrupp

Thyssenkrupp is a German industrial group. The business in this cartel is elevators and escalators: lifts in buildings, and escalators in stations, stores, and airports. Thyssenkrupp Elevator bid for those installations and for the maintenance that follows. The rest of the group's steel and components history is not the product the Commission fined.

In 2007 the Commission fined Thyssenkrupp with Otis, Kone, and Schindler about €992 million for dividing markets and rigging bids. Escalator projects show the pattern as clearly as a tower lift. A station refurbishment takes bids, a winner is supposed to emerge, and the service contract stays behind. If the bidders have agreed the winner, the public authority has run a ceremony.

Kone received the leniency reduction. Thyssenkrupp was a fined participant. Its individual fine is not stated in this profile. Library status is fined.

Escalators and elevators are both in the cartel, so transport hubs sit beside office towers.

Market division and bid rigging are the two findings, shared with Otis, Schindler, and Kone.

The 2007 total is about €992 million, and the leniency reduction was Kone's.

A city buying escalators for a station is spending public money on a tender the manufacturers were able to script.

Shoppers and commuters ride the result for years, while the maintenance invoice goes to the building or the transit agency.