Otis Worldwide (OTIS) and WeMaintain announced that they have closed an agreement under which Otis will acquire a majority stake in WeMaintain, a technology-enabled service company for the elevator and escalator industry. The investment reflects Otis’ continued focus on advancing service and service technology to deliver the best possible solutions for customers. Otis and WeMaintain will operate as separate entities, and WeMaintain will continue to offer its agnostic IoT and AI based solution to its current and future customers.
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