Otis Worldwide
Headquarters in Farmington, Connecticut | |
| Otis Elevator Company | |
| Company type | Public |
| Industry | Transport systems |
| Predecessor | United Technologies |
| Founded | September 20, 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 (chair, president and CEO) |
| Products | Elevators and escalators |
| Revenue | US$14.26 billion (2024) |
| US$2.008 billion (2024) | |
| US$1.645 billion (2024) | |
| Total assets | US$11.32 billion (2024) |
| Total equity | US$−4.85 billion (2024) |
Number of employees | 72,000 (2024) |
| Website | otis |
| Footnotes / references | |
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. 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, and was spun off as an independent company 44 years later in April 2020 as Otis Worldwide Corporation.
Its slogan is "Made to move you".