Otis Worldwide Corporation (NYSE: OTIS) has acquired Bay State Elevator, including its service portfolio and operations in Massachusetts, Connecticut, Vermont and upstate New York. Otis is the world's leading company for elevator and escalator manufacturing, installation and service.
"This acquisition expands our scale and density in the Northeast region and demonstrates our commitment to strategically accelerate service portfolio growth," said Jim Cramer, President, Otis Americas. "The Bay State Elevator team is well-respected within our industry, and we welcome them to Otis. We look forward to working together to serve existing Bay State customers and introducing them to our service offerings and comprehensive range of Otis products."
"We're proud of the legacy we were able to build with Bay State Elevator and would like to thank all of our dedicated employees and customers," said Buddy Potts, President, Bay State Elevator. "With Otis, we know our team and customers are in good hands, and we are confident that legacy will continue to grow in the region we call home."
To learn more about Otis products and services, visit www.otis.com.
About Otis
Built on a legacy of innovation, Otis was founded in 1853 after Elisha Otis invented the elevator safety brake, giving rise to the modern city, transforming how people live and work, and revolutionizing architecture itself. Today, we are the world's leading company for elevator and escalator manufacturing, installation and service. We move 2 billion people a day and maintain more than 2 million customer units worldwide, the industry's largest maintenance portfolio. We can be found in many of the world's most recognizable buildings, as well as the busiest transportation hubs and retail centers – we are everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 69,000 people strong, including 40,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram, Facebook and Twitter @OtisElevatorCo.
