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Otis Worldwide Corp Ordinary Shares (NYSE:OTIS) Share Price

OTIS

Otis Worldwide Corp Ordinary Shares

North American company

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Specialty Industrial Machinery

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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.

NYSE:OTIS

US68902V1070

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