Otis Worldwide Corporation

OTIS

Industrials
Industrial - Machinery
US

Company Overview

Detailed information about Otis Worldwide Corporation

Basic Information
Ticker: OTIS
Country: US
Headquarter: Farmington, CT
Employees: 72000
Financial Information
Market Cap: $37.6 Billion
Currency: USD
Sector: Industrials
Industry: Industrial - Machinery
Company Description

Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.

Last Updated: May 2025

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