Otis manufactures, installs, and services building systems. The company operations into two segments: New Equipment and Service. Through the New Equipment segment, the company designs, manufactures, sells and installs a wide range of passenger and freight elevators as well as escalators and moving walkways for residential and commercial building and infrastructure projects. The Service segment provides maintenance and repair services for both the company's products and those of other manufacturers, and provides modernization services to upgrade elevators and escalators. The company serves customers worldwide.
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