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  6. OTIS Acquires Marshall Elevator

M&A Deal Summary

OTIS Acquires Marshall Elevator

On July 26, 2011, OTIS acquired machinery company Marshall Elevator

Acquisition Highlights
  • This is OTIS’s 1st transaction in the Machinery sector.
  • This is OTIS’s 2nd transaction in the United States.
  • This is OTIS’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2011-07-26
Target Marshall Elevator
Sector Machinery
Buyer(s) OTIS
Deal Type Add-on Acquisition

Target

Marshall Elevator

Pittsburgh, Pennsylvania, United States
Marshall Elevator is a full-service elevator company serving Pennsylvania.

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Buyer(S) 1

Buyer

OTIS

Farmington, Connecticut, United States
Category Company
Founded 1853
Sector Machinery
Employees71,000
Revenue 14.2B USD (2023)
DESCRIPTION
Entrance to Otis Elevator's corporate headquarters in Farmington, Connecticut.
Entrance to Otis Elevator's corporate headquarters in Farmington, Connecticut.

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.

DEAL STATS #
Overall 2 of 5
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Pennsylvania) 1 of 1
Country (United States) 2 of 3
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-15 ABM Amtech

Anaheim, California, United States

ABM Amtech, Inc. is a provider of escalator maintenance, repair and modernization services. Amtech operates regional offices in many major metropolitan areas, including Atlanta, Chicago, Denver, Detroit, Houston, Las Vegas, Los Angeles, Philadelphia, Phoenix, Pittsburgh, San Diego, San Francisco and Washington, D.C.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Axis Elevators

London, United Kingdom

Axis Elevators offers a competent, prompt, and professional service to building owners, Building Managers, and Professionals in the fields of New Lifts, Preventative Maintenance, Reconstruction, Partial Modernisation, predominantly from offices in London and Andover (Hampshire). Axis Elevators was founded in 1989 and is based in London, United Kingdom.

Buy -
Mergr

Product

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