Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Otis is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment.

 
 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed
Revenue(RF), mln.USD
310
Capital(RF), mln.USD
110
Glob.Revenue, mln.USD
14298
Staff(RF), 2021
1551
Assets(RF), mln.USD
56
Taxes(RF), mln.USD
7

It has subsidiaries in Russia. Operations in Russia contributed approximately 2% of the 2021 revenue.

The Company Statement
July 27, 2022

Exploring options for exit; while no new investments/new contracts but fulfill existing agreements. Otis promised to sell 100% of the business to Ice Development. 27.07.2022: Regulatory approvals were received, and the sale of the Otis Russia business to Ice Development closed. Importgenius data: continued to supply equipment after sale of the Otis Russia business.

Open the Statement
Statements Archive
June 14, 2023Letter sent by B4Ukraine to the company and the response provided
March 05, 2023Otis Exports into Russia
July 30, 2022Importgenius data: Otis continued to supply equipment after sale of the Russia business
February 11, 2022Our Response to the Escalating Crisis in Europe
February 11, 2022Our Response to the Escalating Crisis in Europe
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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