OTIS

Otis Worldwide Corporation (NYSE: OTIS) is the world's leading manufacturer and service provider of elevators, escalators, and moving walkways. Founded in 1853 by Elisha Graves Otis, who invented the safety elevator, the company has grown to become a global leader in the vertical transportation industry.

Otis designs, manufactures, installs, and services a wide range of products including passenger and freight elevators, escalators, moving walkways, and related equipment. The company's portfolio includes Gen2 and Gen3 elevator systems, as well as the Otis ONE IoT digital service platform. Otis serves customers across various sectors including residential, commercial, infrastructure, and industrial applications. With approximately 2.3 million customer units under maintenance, Otis has the industry's largest service portfolio.

Headquartered in Farmington, Connecticut, Otis operates in over 200 countries and territories worldwide. The company employs approximately 71,000 people, including 42,000 field professionals. In 2023, Otis reported net sales of USD 14.2 billion with 5.6% organic growth. The company continues to focus on innovation, digital technologies, and sustainability initiatives to drive growth and maintain its market-leading position in the elevator and escalator industry.