Who owns Otis elevator now?
Andrew Campbell
Updated on January 16, 2026
United Technologies Corporation
In 1975, the Otis Elevator Company became a subsidiary of United Technologies Corporation (UTC). In 2015, Otis Elevator remained a part of UTC, and was known as the world leader in the elevators, escalators, and moving walkways.
Which company is best for elevator?
The Top 5 Best Elevator Companies in 2021
- Otis. An example of Otis elevator.
- Mitsubishi. Mitsubishi Electric is one of the newer elevator brands.
- Schindler. The origins of Schindler date back to 1874, making it one of the oldest and most trusted companies in the elevator space.
- Kone.
- Thyssenkrupp.
Who is the CEO of Otis elevator?
Judy Marks –
Judy Marks – President & CEO, Otis Worldwide Corporation – Otis Elevator Co.
Where is Otis Elevator headquarters?
Farmington, Connecticut, United States
Otis Worldwide/Headquarters
Is Otis the only elevator company?
The Otis Elevator Company was acquired by United Technologies in 1976, but it was spun off as an independent company 44 years later in April 2020 as Otis Worldwide Corporation.
Which elevator is best for home?
The 7 Best Home Elevator Companies of 2021
| Styles | Maximum Weight Capacity | |
|---|---|---|
| Ameriglide | -Roped hydraulic -Overhead winding drum | 950 lb. |
| Savaria | -Roped Hydraulic -Geared chain drive -Geared traction with a counterweight | 1,400 lb. |
| PVE Home Elevator | Pneumatic only | 525 lb. |
| Stiltz | Overhead winding drum only | 500 lb. |
Does Otis elevator pay a dividend?
4, 2021 /PRNewswire/ — Otis Worldwide Corporation (NYSE: OTIS ) Board of Directors today declared a quarterly dividend of $0.20 per share of Otis ‘ common stock. The dividend will be payable on March 10, 2021, to shareholders of record at the close of business on February 12, 2021.
What was the first elevator built?
Industrialist Elisha Otis, who installed the first passenger elevator in New York, held a public demonstration at the 1854 world’s fair in New York in which he hoisted a platform high above a crowd, then cut the cable with an ax. “All safe,” he proclaimed as his safety device halted the fall.
How many employees does the Otis Elevator Company have?
The Otis Elevator Company develops, manufactures and markets elevators, escalators, moving walkways, and related equipment. The company is based in Farmington, Connecticut. In 2014, Otis had more than 64,000 employees, with a revenue of US$13.0 billion.
Who is the second largest elevator manufacturer in the world?
Second largest elevator manufacturer in the world, and the largest escalator manufacturer in the world. Sigma. Changwon, South Korea. 2000. A subsidiary company of Otis Elevator Korea in South Korea, this is a brand for overseas/export markets. Basically their elevators are Otis made in South Korea but branded as Sigma.
What was the top speed of the Otis Elevator?
Manufactured by the Otis Elevator Company, it was steam-powered, carried a maximum load of 450 kilograms (992 lbs.), and boasted a top speed of 12 meters per minute (39.4 ft./min.). Until then, rooms on the upper floors of hotels were considered undesirable due to the necessity of climbing numerous stairs with baggage in tow.
Are there any elevator companies that are defunct?
Defunct as part of the merger with Krupp to form ThyssenKrupp . Fourth largest elevator manufacturer in the world. These are some other historic or small elevator and escalator companies that are only found in certain countries. Defunct. Alcor Elevator Ltd. is an established, Canadian owned elevator company.
