Otis Worldwide

United States

The worlds largest elevator and escalator manufacturer. Installed the first safety elevator in 1857. Operates in 200+ countries.

Official website

Company Information

Headquarters
Farmington, Connecticut
Founded
1853

Leadership

Judy Marks

CEO

2020–present

First CEO of independent Otis. Led IPO and pandemic response. Focus on connected services and Gen360 platform.

News & Events

Otis Gen360 elevator platform launched

Next-generation connected elevator with predictive maintenance and personalized user experience.

June 2023 Otis Press Product Launch

Otis Worldwide spun off from United Technologies

Otis begins trading independently on NYSE as OTIS. Valued at $40B. Largest pure-play elevator company.

April 2020 Wall Street Journal Other

History

1853 introduced

Elisha Otis demonstrates safety elevator

At the Crystal Palace in New York, Elisha Otis demonstrates his safety elevator — a platform that wont fall even if the cable breaks. This invention makes tall buildings possible.

1857 introduced

First commercial Otis elevator installed

First Otis safety elevator installed at 488 Broadway, New York City. Five stories. Steam-powered.

2020 updated

Otis spun off from United Technologies

Otis Worldwide Corporation begins trading independently on NYSE. Largest pure-play elevator and escalator company globally.