Otis Worldwide Corp Ordinary Shares (NYSE:OTIS)

North American company
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Trading AccountISAJISASIPP

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Market Info - OTIS

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Company Info - OTIS

  • Market Cap$27.596bn
  • SymbolNYSE:OTIS
  • IndustryIndustrials
  • Sector-
  • Currency
  • ISINUS68902V1070

Company 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.

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