Swiss lift and escalator group Schindler has divested its German AI real estate startup BuildingMinds to Zurich-based property platform Lookthrough. The transaction makes Schindler the largest institutional shareholder in Lookthrough, according to a joint statement released Monday.
The Berlin-based BuildingMinds specializes in AI-driven real estate management software. Both companies said the deal would enable them to combine their technologies to create a leading "AI platform for decision intelligence in the real estate industry." Financial terms of the transaction were not disclosed.
Lookthrough operates a digital marketplace for commercial property in Switzerland, while BuildingMinds provides data analytics and AI tools for property performance optimization. The partnership aims to integrate these capabilities into a unified platform targeting real estate owners, managers and investors.
Schindler, headquartered in Ebikon near Zurich, did not provide guidance on future investments in similar startups. The company’s core business remains the manufacturing and servicing of elevators and escalators globally.
