Otis Worldwide (NYSE:OTIS) is a leading manufacturer and service provider of vertical transportation systems, specializing in elevators, escalators, and moving walkways. Established as an independent public company in 2020 following its spin-off from United Technologies, Otis builds upon more than 165 years of engineering heritage. The company’s core business includes the design, manufacture, installation, and ongoing maintenance of passenger elevators, freight elevators, escalators and moving walkways for a wide range of commercial, residential and infrastructure projects.
Otis offers a comprehensive suite of products, featuring both standard and premium elevator models, advanced escalator systems, and automated people movers. Recent innovations include the use of digital sensors and predictive maintenance platforms that leverage cloud-based analytics to monitor equipment performance in real time. Through its global service network, Otis conducts routine inspections, modernizations and upgrades to ensure safety, reliability and regulatory compliance across all installed units.
Originally founded by Elisha Graves Otis in the mid-19th century, the company revolutionized building design with the invention of the safety elevator. Since then, Otis has expanded to serve more than 200 countries and territories, with manufacturing plants, design centers and service branches distributed throughout the Americas, Europe, Asia-Pacific, the Middle East and Africa. Its global footprint enables rapid response times for installation and maintenance assignments in diverse markets ranging from high-rise urban developments to critical infrastructure sites.
Under the leadership of President and CEO Judy Marks, Otis continues to prioritize safety, sustainability and operational excellence. The management team emphasizes research and development, forging partnerships to advance energy-efficient technologies and reduce the environmental impact of its products. With a focus on digital transformation and customer service, Otis aims to maintain its position as a trusted partner for builders, property owners and communities worldwide.
