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 CompletedIt has subsidiaries in Russia. Operations in Russia contributed approximately 2% of the 2021 revenue. Continued to supply equipment after the sale of the Russia business. Customs data shows that the latest deliveries were in 2023.
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 in 2023 after sale of the Otis Russia business in 2022.
| June 14, 2023 | Letter sent by B4Ukraine to the company and the response provided |
| March 05, 2023 | Otis Exports into Russia |
| February 28, 2023 | Importgenius data: Otis continued to supply equipment after sale of the Russia business |
| February 28, 2023 | Otis Scs | See Full Import/Export History | ImportGenius |
| February 11, 2022 | Our Response to the Escalating Crisis in Europe |
| February 11, 2022 | Our Response to the Escalating Crisis in Europe |