OTIS GmbH & Co. OHG

What OTIS GmbH & Co. OHG does

OTIS GmbH & Co. OHG is the German operating subsidiary of Otis Worldwide Corporation, the world's largest elevator and escalator manufacturer, founded in 1853 by Elisha Otis. The entity is organized as a limited partnership (GmbH & Co. OHG) and is headquartered at Otisstraße 33, 13507 Berlin. It manufactures, sells, installs, modernizes, and services elevators, escalators, and moving walks for a broad set of German customers spanning residential, commercial (office, retail, hotel), healthcare, logistics, infrastructure (airports, rail, metro), and data center end markets.

The product portfolio spans low-rise, mid-rise, and high-rise elevator platforms including the Gen3™ and Gen360™ machine-room-less systems, destination dispatch (Zielwahlsteuerung) control systems, escalators and moving walks, and the Aufzug mit Fertigschacht — a prefabricated shaft elevator concept designed to compress on-site installation time. Service is delivered through Otis Signature Service™ maintenance contracts, modernization programs, and spare-parts transactions, with the Otis ONE™ IoT platform providing remote monitoring and predictive analytics across the connected installed base.

The business model is hybrid: non-recurring revenue from new equipment sales and modernization projects, and recurring revenue from maintenance contracts on a global installed base of approximately 2.5 million units (moving roughly 2.5 billion people per day). Otis Worldwide — the parent — reported total revenue of $14.4 billion in FY2024 and has traded independently on the NYSE (ticker OTIS) since its 2020 spin-off from United Technologies.

Name

OTIS GmbH & Co. OHG

Legal name

OTIS GmbH & Co. OHG

Website

https://otis.de

Company type

Private

Founded year

1853

Operating status

Operating

Headcount range

11–50 employees

Short description

OTIS GmbH & Co. OHG is the German operating subsidiary of Otis Worldwide Corporation, manufacturing, installing, modernizing, and servicing elevators, escalators, and moving walks for residential, commercial, healthcare, data center, and infrastructure customers across Germany.

Ownership category

akta.pro rank

Product category

Elevator and Escalator Manufacturing

NAICS

Elevator and Moving Stairway Manufacturing (333921)

SIC

Misc Industrial & Commercial Machinery & Equipment (3590)

akta.pro primary industry

Elevator, Escalator & Vertical Transportation Installation/Service (IMAFALAI)

akta.pro secondary industries

Elevator, Escalator & Lift Maintenance (IMAIABAF), Elevator Modernization & Retrofit (Controllers, Drives, Door Systems) (BPABAIAE), Elevator Remote Monitoring & Predictive Maintenance (IoT/Connected Elevators) (BPABAIAH), Escalator Service & Maintenance (BPABAIAC)

Keywords

• Elevator manufacturing
• Escalator systems
• Vertical transportation
• Elevator maintenance services
• Building modernization

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. New Elevator and Escalator Installations: Sale of new elevator systems (Low-Rise up to 14 stops, Mid-Rise up to 24 stops, High-Rise above 24 stops) and escalators/moving walks for new construction projects across residential, commercial, industrial, and infrastructure sectors.
2. Maintenance and Service Contracts: Recurring maintenance contracts for the installed base of over 2 million elevators and escalators globally. Includes Otis Signature Service™ and 24/7 OTISLINE support with local service technicians.
3. Modernization and Upgrades: Retrofit and modernization services for existing elevator and escalator installations, including technology upgrades, aesthetic improvements, and passenger experience enhancements.
4. Repairs and Spare Parts: Repair services and replacement parts for elevator and escalator systems, including call-out emergency repairs.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

OTIS GmbH & Co. OHG manufactures, installs, and services elevators and escalators across Germany for residential, commercial, industrial, healthcare, data center, and infrastructure buildings. The portfolio spans Low-Rise (up to 14 stops), Mid-Rise (up to 24 stops), High-Rise (above 24 stops) elevators, prefabricated shaft elevators, escalators, and moving walks. Revenue is generated through new equipment sales, recurring Otis Signature Service maintenance contracts, Otis ONE IoT-based monitoring with predictive maintenance, and modernization/retrofit projects.

Product overview

OTIS GmbH & Co. OHG offers a comprehensive portfolio of elevator and escalator products organized across building height categories (Low-Rise, Mid-Rise, High-Rise), specialized solutions (Otis Robust for data centers, Aufzug mit Fertigschacht for prefabricated shaft installation), and escalators/moving walks. The Gen3™ and Gen360™ platforms provide connected elevator technology. Otis ONE™ delivers IoT-based remote monitoring and predictive maintenance as a service layer across the portfolio. Otis Signature Service™ provides ongoing maintenance and support, complemented by modernization offerings for existing installations.

Differentiator

Problem solved

Functional benefit

Brands

• Otis Signature Service™: Premium service offering for elevator maintenance and support
• Otis ONE™
• Gen3™
• Gen360™
• Otis Robust™
• Otis Create

Products and services

• Low-Rise Elevators (up to 14 stops)
• Mid-Rise Elevators (up to 24 stops)
• High-Rise Elevators (above 24 stops)
• Prefabricated Shaft Elevator (Aufzug mit Fertigschacht)
• Escalators and Moving Walks (Fahrtreppen & Fahrsteige)
• Otis Robust Elevator Series
• Gen3 / Gen360 Connected Elevator Platform
• Otis Signature Service
• Otis ONE IoT Monitoring Platform
• Elevator Modernization (Aufzugsmodernisierung)
• Escalator Modernization
• Destination Dispatch System (Zielwahlsteuerung)

Quantifiable outcome

• Moves 2 billion+ people per day globally
• +1 more outcomes

Named customers4 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/OtisElevatorCompany
• Facebookfacebook.com/OtisElevatorCo
• LinkedInlinkedin.com/company/otis-gmbh-&-co.-ohg
• Instagraminstagram.com/otiselevatorco

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OTIS GmbH & Co. OHG