Otis Worldwide Corporation

(NYSE:OTIS) Trade

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Profile

Otis is the largest global elevator and escalator supplier by revenue. In 1854 Otis' founder and namesake, Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. As the largest global OEM, over decades Otis has built a base of 2 million elevators under service. Its business model is much the same as that of its competitors Kone, Schindler, and Thyssenkrupp. Otis operates a razor and blade model where it manufactures and installs elevators at a low profit to build an installed base that will provide high profits from service in the years thereafter.

Contact Information

Website: www.otis.com
Main Phone: +1 860 233-6847
Address: One Carrier Place
State: CT
City / Town: Farmington
Country: US
Postal Code: 06032

Issuer Information

Exchange: NYE
CEO: Judith F. Marks
Employees: 69000
NAICS: Other Building Equipment Contractors(238290)

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