Otis Worldwide
LeaveRussia detail: Exit Completed
Otis is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment.
Business in Russia
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.
Decision trail
Decision date 27/07/2022 · Reference ↗
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.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — exited · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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