OTIS - M&A Summary and Business Overview

MachineryCompany

OTIS M&A Summary

OTIS has acquired 5 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms.

OTIS has acquired in 3 different US states, and 3 countries. The Company’s most targeted sectors include business services (60%) and machinery (40%).

OTIS Business Overview

Where is OTIS headquartered?

OTIS is headquartered in Farmington, Connecticut.

What is OTIS’s revenue?

OTIS disclosed revenue of 14,209M USD for 2023 and 13,685M USD for 2022.

How many employees does OTIS have?

OTIS has 71,000 employees.

What sector is OTIS in?

OTIS is a machinery company.

When was OTIS founded?

OTIS was founded in 1853.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity5
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 3

OTIS

Otis Worldwide Corp.

1 Carrier Place,
Farmington, Connecticut 06032
United States,
(800) 233-6847
www.otis.com

OTIS is a manufacturer and maintainer of people moving products, including elevators, escalators, and moving walkways. OTIS was formed in 1853 and is based in Farmington, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 1 - - - - 5
Sell (0.0/yr) # - - - - - - 0
  5

Most Recent M&A

Company Date Value Type
Bay State Elevator 2020-08-17 - Add-on Acquisition
Agawam, Massachusetts · www.baystateelevator.us
ThyssenKrupp Elevator - South Africa Service Business 2015-09-07 - Divestiture
, South Africa
Axis Elevators Ltd. 2015-01-01 - Add-on Acquisition
London, United Kingdom · www.axiselevators.co.uk
Marshall Elevator Co. 2011-07-26 - Add-on Acquisition
Pittsburgh, Pennsylvania · www.marshallelevator.com
ABM Amtech, Inc. 2003-08-15 - Divestiture
Anaheim, California · www.amtechelevator.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 3 (60%) - - -
Machinery 2 (40%) - - -
Total 5 - - -

By Geo

State/Country Buy Value Sell Value
United States 3 - - -
  Pennsylvania 1 - - -
  Massachusetts 1 - - -
  California 1 - - -
South Africa 1 - - -
United Kingdom 1 - - -
Domestic 3 (60%) - - -
Cross-border 2 (40%) - - -
Total 5 - - -

M&A Connections

Deals
Acquired from
Investor(s)
20%
1 (20%)
Strategic(s)
40%
2 (40%)

 Subscribe to unlock this and 207,814
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 200K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.