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Otis Worldwide Corp. engages in the manufacture, installation and provision of elevators and elevator services. It operates through the New Equipment and Service segments. The New Equipment segment designs, manufactures, sells and installs a wide range of passenger and freight elevators. The Service segment offers maintenance, repair services and modernisation services to upgrade elevators and escalators. The company was founded by Elisha Graves Otis in 1853 and is headquartered in Farmington, CT.