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KONE is a Finnish company best known for its expertise in constructing, installing and maintaining elevators all over the world. The elevator market is an oligopoly with KONE, Schindler and Otis Worldwide dominating the market. KONE's share price has come off its highs due to marg...
Otis Worldwide (NYSE:OTIS) said its subsidiary Highland Holdings S.à r.l. priced an offering of €500M of 0.000% notes due 2023, €600M of 0.318% notes due 2026 and €500M of 0.934% notes due 2031. The offering is expected to close on Nov. 12, 2021, subject to customary...
Otis Worldwide (NYSE:OTIS) says it is offering to buy the 49.99% stake it does not already own of Madrid-based Zardoya Otis (OTC:ZRDZF) for €7/share (~$8.20/share), implying an equity value for Zardoya at €3.3B ($3.87B). Zardoya Otis is an elevator original equipment and service...
Recently, Otis ( OTIS ) has spun-off from United Technologies ( RTX ). I wrote about Otis shortly before the spin-off but think the time is right to dig a little bit deeper into several topics. Sometimes, spin-offs can be great bargains, but in this case, it looks like Otis is a mediocre...
Introduction Postal services are still encountering severe pressure in Europe as the regular mail volumes continue to decrease. The only possibility to remain 'in business' is to focus on e-commerce solutions and parcel logistics. Virtually every postal company in Europe is making this tra...