Otis Buys Majority Stake in WeMaintain for Predictive Edge

0:00Otis worldwide, the big player out of Farmington, just grabbed a majority stake in We Maintain, a outfit specializing in elevator and escalator upkeep, through smart, connected tick that spots issues before they crashed the party. This deals all about pumping up Otis's service arm with cutting-edge digital tools, letting them monitor equipment performance in real-time to dodge. Those nasty breakdowns, We Maintain's been grinding since 2017, with a crew of more than 350 strong, handling ops across Europe and Asia, and they're keeping things independent post-deal. No word yet on the cash involved, but it's clear Otis wants that predictive edge to stay ahead in the maintenance game. As these two keep building separately, expect Otis to weave in that tech muscle for smoother rise worldwide. Local news, powered by AI, this is Hartford News today.