On Sept. 20, 1853, Elisha Graves Otis sold his first “hoist machine,” or elevator, featuring an automatic safety brake he had patented. His seemingly simple invention was designed to stop a platform ...

Apartment builders have a new sustainable instrument in their development toolbox thanks to Gen2 Swtich, a new residential elevator by Otis. Farmington, Conn.—Apartment builders have a new instrument ...

Otis Worldwide Corporation OTIS launched the new Gen3 Core elevator under the Gen3 umbrella. The digitally native elevator is designed explicitly to fit in with North America's growing demand for ...

Otis Worldwide Corporation (NYSE:OTIS), a global leader in the elevator and escalator industry with annual revenue of $14.26 billion, finds itself at a crossroads as it navigates a complex market ...

After announcing last month it wasn’t taking on any new business in Russia following the country’s invasion of Ukraine, Otis Worldwide Corp. has excluded the country from its financial results and is ...

We’ve lifted our fair value estimate for Otis Worldwide OTIS by 30% to $95 per share following a transfer of coverage and a fresh look at our long-term thesis. We are more positive on the secular ...

Otis Worldwide Corp., the Farmington-based elevator manufacturer, announced this week it has finalized an agreement to purchase Madrid-based Zardoya Otis, a company it already had a partial stake in.

ROME (Reuters) -Italy's competition authority (AGCM) has closed its investigation into Otis, it said on Thursday, after the U.S. elevator maker said it would refund Italian customers to the tune of ...