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

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 or liquidated local entity(ies)

Exited Exit Completed
Glob.Revenue, mln.USD
14209
Staff(RF), 2021
1551
Taxes(RF), mln.USD
7

It 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.

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 in 2023 after sale of the Otis Russia business in 2022.

Open the Statement
Statements Archive
July 27, 2024Over the past six months, 39% fewer new elevators have been purchased for regional high-rise buildings than a year ago
June 14, 2023Letter sent by B4Ukraine to the company and the response provided
March 05, 2023Otis Exports into Russia
February 28, 2023Importgenius data: Otis continued to supply equipment after sale of the Russia business
February 28, 2023Otis Scs | See Full Import/Export History | ImportGenius
February 11, 2022Our Response to the Escalating Crisis in Europe
February 11, 2022Our Response to the Escalating Crisis in Europe
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