Otis Worldwide Corp

Overview

Otis Worldwide Corp (Otis) is a manufacturer of people moving products. It offers elevators, escalators, and moving walkways. The company designs, manufactures, and installs a wide range of passenger and freight elevators for low, medium, and high-speed applications. It also provides upgradation of elevators and escalators and offers maintenance and repair services for its products and other manufacturers. The company provides remote elevator monitoring (REM) systems to detect problems of elevators to monitor, control and report operational functions of elevators. Otis serves to commercial and residential properties. The company carries out its operations through its subsidiaries and offices spread across China, Vietnam, Thailand, Australia, Spain, France, Argentina, and other countries. Otis is headquartered in Farmington, Connecticut, the US.
Key Stats
Address
One Carrier Place, FARMINGTON, Connecticut
Headquarters

United States of America

Contact

1 860 2184257

Website
www.otis.com
No of Employees

69,000

Industry

Industrial Goods and Machinery

Ticker Symbol & Exchange​

OTIS [NYSE]

Revenue (2020)

$12,756 m

-2.8% (2020 vs 2019)
Net Income (2020)

$906 m

-18.8% (2020 vs 2019)
Net Profit Margin

7 %

-16.6% (2020 vs 2019)
Market Cap *

$38,717 m

  *Note: Ratios based on the share price as of 8-September-2021, in absolute numbers and US$.

Peer Comparison

Key Parameters Otis Worldwide CorpJohnson Controls International PlcSchindler Holding LtdKONE Corporation
Key Information
Headquarters United States of America Ireland Switzerland Finland
Headquarter City FARMINGTON CORK HERGISWIL ESPOO
Headquarter State/Province Connecticut - - -
No. of Employees 69,000 97,000 67,234 61,439
Entity Type Public Public Public Public

Products & Services

Otis manufactures, installs and supplies elevators, escalators and moving walkways globally. Key products and services offered by the company include:

Products
  • Elevators
  • Escalators
  • Moving Walkways
Services
  • Maintenance Solutions
  • Building Support Systems
  • Monitoring Services
Key Financial Charts
Sales Growth
Operating Margin
Net Income Growth
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets

Employees

Name Position Board Since Age Biography
Abbe Luersman Chief People Officer; Executive Vice President Senior Management 2021 - Ms. Abbe Luersman has been the Chief People Officer and Executive Vice President of the company. Prior to this, she...
Renee Zaugg Vice President; Chief Information Officer Senior Management 2020 - Ms. Renee Zaugg has been the Vice President and Chief Information Officer of the company since 2020. Prior to this,...
Rahul Ghai Chief Financial Officer; Executive Vice President Senior Management 2019 - Mr. Rahul Ghai has been the Chief Financial Officer and Executive Vice President of the company since 2019. Prior to...
Randi Tanguay Chief Communications Officer; Vice President - Communications Senior Management 2018 - Ms. Randi Tanguay has been the Vice President & Chief Communications Officer of the company since 2018. Prior to this,...
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History

Year Event Description
2021 Contracts/Agreements In February, the company's subsidiary Otis Brazil signed a maintenance contract with Gazit Group for…
2020 Contracts/Agreements In February, the company was selected by Bangalore Metro Rail Corporation Ltd to supply 112…
2020 Acquisitions/Mergers/Takeovers In August, the company announced the acquisition of Bay State Elevator, which provides elevator services.
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Locations


OTIS L.L.C.

Address

103 Al Makhawi Building, Umm Hurair Road, Dubai
United Arab Emirates

Telephone

971 4 3371074

Otis Elevator Company (India) Ltd

Address

9th Floor, Magnus Towers, Mindspace, Link Road, Malad (West), Mumbai
India

Telephone

91 2228449700

Otis Elevator Vietnam Company Ltd

Address

14th Floor, 194-Golden Building, 473 Dien Bien Phu, Binh Thanh District, Ho Chi Minh
Vietnam

Telephone

84 8 35121071

Otis Elevator Company (Thailand) Limited

Address

7th Floor, Nation Tower, 1858/21-26, Bangna-Trad Road, Bangna, Bangkok
Thailand

Telephone

66 2 7514141

Otis Elevator Company Saudi Arabia Ltd.

Address

11th Floor, Al-Khazzan Street, Riyadh
Saudi Arabia

Telephone

966 14010717

Otis Elevator Company (United States)

Address

One Carrier Place, Farmington, Connecticut 06032
United States of America

Telephone

1 860 284 3000

Website

http://www.bis.utc.com
Otis, Ltd.

Address

Ground Floor, Chiswick Park, Building 5, 566 Chiswick High Road, Chiswick, London City
United Kingdom

Telephone

44 020 8495 7750

Website

www.otis.com/en/uk
Otis Elevator Company (M) Sdn Bhd

Address

7th Floor, Block B, HP Towers, 12, Jln Gelenggang Bukit Damansara, Kuala Lumpur
Malaysia

Telephone

60 3 27313388

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target