Otis Worldwide Corporation (NYSE: OTIS) designs, manufactures, installs and services elevators, escalators and moving walkways. Its equipment is used in residential, commercial, institutional, transportation and industrial buildings, supporting the movement of people in high-rise and other densely occupied environments.
The company’s offerings include passenger and freight elevators, escalators, moving walkways, destination-dispatch systems and related technologies. Otis also provides maintenance, repair, modernization and replacement services for its own equipment and products made by other manufacturers. Its service operations help building owners maintain equipment performance, safety and reliability throughout a system’s operating life.
Otis traces its origins to 1853, when Elisha Otis demonstrated a safety elevator, and became an independent public company in 2020 following its separation from United Technologies. The company serves customers across a broad international footprint, with operations and installations in more than 200 countries and territories. Its business is generally organized around new equipment and recurring service activities.
AI Generated. May Contain Errors.
