The European Commission has imposed fines amounting to EUR 990 million on four companies that were found guilty of participating in cartel activities in the market for the installation and maintenance of lifts and escalators. According to the Commission Decision, Otis, Kone, Schindler and ThyssenKrupp rigged bids for procurement contracts, fixed prices and allocated projects to each other. A minor fine of EUR 1.8 million was also imposed on Mitsubishi. The national scope of the infringement was found not to be European-wide, but national (Belgium, Germany, Luxembourg and the Netherlands). Following dawn raids by the Commission in 2004, companies involved applied for immunity or reductions of fines. This is the largest total fine ever imposed by the Commission in a cartel case.
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