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%)

Company Summary

SECTOR

Machinery

Revenue

14,209   4% 2023
13,685   5% 2022
14,298   13% 2021
12,756   3% 2020
13,118   2% 2019
12,915   5% 2018
12,323   2017
(millions of USD) Show More Show Less

Employees

71,000

Established

1853

Public

NYSE: OTIS

Former Name

Otis Fensom Elevator Co. Ltd.

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Related Lists for OTIS

Connecticut Companies , Machinery Companies , United States Companies , Connecticut Machinery Companies , Connecticut Machinery with Acquisitions , Connecticut Machinery with Divestitures

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