Otis Elevator Co.

🔒Otis boosts lucrative service offerings with new escalator upgrade packages

Farmington-based Otis’ recent first quarter results were boosted by continued growth in its service segment.

Otis acquires majority stake in service tech firm WeMaintain

Farmington-based Otis Worldwide Corp. has acquired a majority stake in WeMaintain, an elevator maintenance technology company.

🔒Otis sells Bloomfield facility for $16.5M, leases it back through 2027

Farmington-based elevator and escalator maker Otis Worldwide has sold its 188,430-square-foot industrial and office building in Bloomfield.

🔒Otis to install 76 elevators at high-rise luxury residential development in Dubai

Farmington-based Otis Worldwide Corp., a global elevator and escalator manufacturer, announced Monday that it will provide and...
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Otis reduces 2022 outlook as China sales decline

Farmington elevator maker Otis Worldwide revised its 2022 outlook Wednesday during a third-quarter earnings call, reducing its...

Otis Worldwide Corp. names new CFO

Farmington elevator maker Otis Worldwide Corp. has named a new executive vice president and chief financial officer. Anurag...

Farmington’s Otis elevators has ‘growing concerns’ about long-term sustainability of Russian operations

After announcing last month it wasn’t taking on any new business in Russia following the country’s invasion...

Otis President and CEO Judy Marks named company’s board chair

Farmington elevator maker Otis Worldwide Corp.’s board of directors has named company President and CEO Judy Marks...
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Otis reaches agreement to fully acquire Spanish elevator parts manufacturer

Otis Worldwide Corp., the Farmington-based elevator manufacturer, announced this week it has finalized an agreement to purchase...

Otis president, CEO Marks elected board chair

Farmington elevator maker Otis Worldwide Corp. announced this week that its board of directors has named company...
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