20 September 1853; 170 years ago (1853-09-20) (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)
Products
Elevators and escalators
Revenue
US$14.21 billion (2023)
Operating income
US$2.186 billion (2023)
Net income
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.com
Footnotes / references [1]
Otis Worldwide Corporation (branded as the Otis Elevator Company, its former legal name) 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, moving walkways, and escalators.[2] The company pioneered the development of the "safety elevator", invented by Elisha Otis in 1852, which used a special mechanism to lock the elevator car in place should the hoisting ropes fail.
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.[3][4]
Its slogan is "Made to move you".
^"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.
OtisWorldwide Corporation (branded as the Otis Elevator Company, its former legal name) is an American company that develops, manufactures and markets...
Elisha Graves Otis (August 3, 1811 – April 8, 1861) was an American industrialist and founder of the Otis Elevator Company. In 1853, he invented a safety...
Look up otis or Otis in Wiktionary, the free dictionary. Otis may refer to: Otis (film), a direct-to-DVD 2008 American comedy horror film "Otis" (The Jeffersons)...
Directors Approves Separation Of Carrier And Otis And Declares Spin Off Distribution Of Carrier And Otis Shares". StreetInsider.com. Retrieved March 12...
conglomerate does not include previous subsidiaries Carrier Global or OtisWorldwide. On August 31, 2020, Amgen, Honeywell, and Salesforce.com replaced ExxonMobil...
1931) was an American inventor. In 1899, he joined the Otis Elevator Company. The Seeberger-Otis partnership produced the first step-type escalator made...
into multiple entities, as well as United Technologies's spin-off of OtisWorldwide and Carrier Global before its merger with Raytheon. 3M itself sold its...
in Guangzhou, China". Bloomberg.com. 2020-01-17. Retrieved 2020-10-29. "Otis Test Tower - the Skyscraper Center". Servisi, Haber. "WORLD ELEVATOR & ESCALATOR...
Yes Beth E. Ford Land O'Lakes 232 August 1, 2018 No Judith F. Marks OtisWorldwide 254 April 3, 2020 Yes Penny Pennington Jones Financial (Edward Jones)...
April 3, 2020, Raytheon and United Technologies Corporation (except OtisWorldwide, leaving Rockwell Collins and engine maker Pratt and Whitney) merged...
The Otis Elevators Employees Union (OEEU) is a trade union of elevator installers and repairers at the Otis company's Indian subsidiary in Maharashtra...
Ralph A. Weller (8 September 1921 – March 30, 1995) was president of Otis Elevator Company. His political views and activism landed him on the master list...
Otis was a compact but very powerful tropical cyclone which made a devastating landfall in October 2023 near Acapulco as a Category 5 hurricane. Otis...
in 1887 as The Austral Otis Engineering and Elevator Company Limited and in October 1893 changed its name to The Austral Otis Engineering Co Ltd. The...
sites.google.com. Retrieved 2021-04-15. "Otis Elevator Company | Escalators and Moving Walkways Safety". OTIS. Retrieved 2024-01-18. Heinlein, Robert A...
engineering studies, Fernandes embarked on a successful career with OtisWorldwide, a multinational corporation specializing in the manufacturing of elevators...
penthouse on floors 129–131. The residential elevators, developed by OtisWorldwide, travel 2,000 feet per minute (610 m/min). There are two additional...
Danilo Talanskas (born 1950) is the managing director of Otis Elevator Company. Talanskas got an undergraduate degree at the Mackenzie University in São...
coupled below the coach. Boxcars were Otis Ry. 1, Otis Ry. 2, C.M. Ry. 17 & C.M. Ry. 18. Gondolas were Otis Ry. 3, Otis Ry. 4, C.M. Ry. 15 & C.M. Ry. 16....
"Otis Blackwell". The Many Worlds of Music. BMI. Retrieved July 2, 2023. "Otis Blackwell (1931–2002)". Spectropop. Retrieved November 20, 2006. "Otis Blackwell...
bought British rail vehicle manufacturer Metro-Cammell. In early 1996, the Otis Elevator Company acquired The Express Lift Company from GEC. By the mid-1990s...
Global Information
US$14.21 billion (2023)
US$−4.92 billion (2023)