Otis Takes Majority Stake in WeMaintain

Otis Worldwide Corporation has acquired a majority stake in WeMaintain, a service technology company. This strategic move is intended to support WeMaintain's growth and foster innovation within the service technology sector. As a leader in elevator and escalator services, Otis aims to leverage this acquisition to enhance its own service offerings and expand its technological capabilities. The partnership signifies Otis's commitment to advancing service technology and strengthening its market position.