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Otis Worldwide
 | |
 Headquarters in Farmington, Connecticut | |
| Otis Elevator Company | |
| Company type | Public |
| Industry | Transport systems |
| Predecessor | United Technologies |
| Founded | 20 September 1853 (acquired in 1976, spun off in 2020) |
| Founder | Elisha Otis (original Otis Elevator Company) |
| Headquarters | Farmington, Connecticut, U.S. |
Area served | Worldwide |
Key people | Judy Marks (President and CEO)[1] |
| Products | Elevators and escalators |
| Revenue |  US$14.21 billion (2023) |
| US$2.186 billion (2023) | |
| US$1.406 billion (2023) | |
| Total assets | US$10.12 billion (2023) |
| Total equity |  US$−4.92 billion (2023) |
Number of employees | 71,000 (2023) |
| Website | otis |
| Footnotes / references [2] | |
Otis Worldwide Corporation (branded as the Otis Elevator Company its former legal name) styled as OTIS is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment.
Based in Farmington, Connecticut, U.S., Otis is the world's largest manufacturer of vertical transportation systems, principally focusing on elevators, escalators, and moving walkways.[3] The company pioneered the development of the "safety elevator", invented by Elisha Otis in 1852, which used a special mechanism that locked the elevator car in place against hoisting rope failure.
The Otis Elevator Company was acquired by United Technologies in 1976, but it was spun off as an independent company 44 years later in April 2020 as Otis Worldwide Corporation.[4][5]
Its slogan is "Made to move you".
- ^ Prang, Allison (October 9, 2017). "United Technologies Hires Judy Marks to Lead Otis Elevator Manufacturing Division". The Wall Street Journal. Retrieved 2019-10-07.
- ^ "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 2 February 2024.
- ^ "Otis Fact Sheet 2011-2" (PDF). Otis Worldwide. Archived from the original (PDF) on 2016-04-15. Retrieved 2012-03-24.
- ^ "Otis Common Stock Begins Trading on New York Stock Exchange" (Press release). Otis Worldwide. April 3, 2020. Retrieved 2021-10-06.
- ^ "United Technologies Board Of Directors Approves Separation Of Carrier And Otis And Declares Spin-Off Distribution Of Carrier And Otis Shares" (Press release). United Technologies Corp. March 11, 2020.
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