OTIS' Taiwan Subsidiary Acquires Jardine Schindler Lifts in Taiwan Tue, Sep 10, 2024, 3:06 PM GMT+2 3 min read 0 Other Growth Initiatives of OTIS OTIS' Zacks Rank & Key Picks [Yahoo! Finan...
Otis Worldwide Corporation (OTIS)
Company Research
Source: Yahoo! Finance
This buyout will strengthen the company's position in the Taiwan market with the expanded customer reach and operational capacity of Jardine Schindler Lifts. Otis is optimistic about introducing its products and service offerings, including the recently launched Otis ONE platform and the connected Gen3 elevators, to the new customer base. This strategic transaction, a milestone for Otis, will enable it to better serve the region and its customers. Apart from inorganic growth strategies, Otis also focuses on organic ways of fostering its growth. The primary organic growth strategy is innovation. The company seems to be invested in seeking innovation opportunities and capitalizing on them for its upcoming prospects. Otis invested $144 million in R&D in 2023. Furthermore, during the first six months of 2024, it invested $75 million in R&D, up 5.6% year over year. The year-over-year increase in R&D investments showcases the company's intent focus on amalgamating recent technologies
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OTIS
News
- Otis Worldwide Co. (NYSE: OTIS) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $110.00 price target on the stock.MarketBeat
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- Otis Taiwan Completes the Acquisition of Jardine Schindler Lifts Limited in Taiwan [Yahoo! Finance]Yahoo! Finance
OTIS
Earnings
- 7/24/24 - Beat
OTIS
Sec Filings
- 9/20/24 - Form 8-K
- 9/16/24 - Form 144
- 9/4/24 - Form 144
- OTIS's page on the SEC website