The former Russian “daughter” of Otis is renamed into “Meteor lift”
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The former “daughter” of the American Otis Worldwide Corporation, Otis Lift, was renamed into Meteor Lift. The company was renamed on 23 December. This was reported Interfax with reference to the data of the Unified State Register of Legal Entities.
The company confirmed the renaming to Interfax. They said that the change in the name of the legal entity in Russia and the trademark were part of the deal to acquire the assets of Otis Worldwide Corporation.
“The official presentation of the new brand and development strategy for the elevator group of the diversified holding S8 Capital will take place at the end of January 2023,” the company added.
In March 2022, Otis Worldwide Corporation announced the suspension of investments in Russian business and the acceptance of orders from Russia due to the introduction of Russian troops in Ukraine. In July, the parent company announced on the sale of Russian assets to the S8 Capital holding, which is owned by Armen Sargsyan. According to Kommersant, the amount of the transaction could be estimated at 3 billion rubles.
More details – in the material “Kommersant” “The Americans got off the elevator”.
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