Otis Launches Flexible Phased Elevator Modernisation Packages

Rhea-AI Summary

Otis (NYSE: OTIS), the world's leading elevator company, has introduced new flexible modernization solutions - Arise™ MOD Prime and Arise™ MOD Plus - for European low to mid-rise buildings. The packages address the critical need to upgrade Europe's aging elevator infrastructure, where over 50% of 6 million elevators are at least 25 years old.

The new solutions, available in Spain, UK, France, and Benelux, offer phased modernization options allowing customers to control upgrade pace and budget. Key features include compliance with EN-81-20 safety standards, up to 75% energy reduction with ReGen™ drive technology, and Otis ONE™ smart monitoring system.

Positive

• Flexible modernization packages allow customers to control upgrade pace and costs
• Energy consumption reduction of up to 75% vs hydraulic systems
• Integration of Otis ONE™ technology for predictive maintenance and monitoring
• Compliance with latest European safety standards (EN-81-20)
• Strong market presence with 2.4 million customer units worldwide

Negative

• Limited initial availability to only select European markets
• Significant upfront investment required for building owners

News Market Reaction

+0.15%

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+0.15% News Effect

On the day this news was published, OTIS gained 0.15%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

• Customers can carefully choose the level, cost and pace of elevator modernisation and plan in phases
• Otis solutions align with the latest European safety standards, and enhance reliability and efficiency with advanced technology

MADRID, Sept. 30, 2025 /PRNewswire/ -- There are more than six million elevators in use in Europe today. In many European countries, more than half of these elevators are at least 25 years old.

Outdated elevator systems can pose significant operational challenges that lead to customer and passenger discontent. Otis is introducing its new flexible Arise™ MOD Prime and Arise™ MOD Plus solutions in Europe to modernise low- to mid-rise residential and commercial buildings. These are now available in Spain, the UK, France, and Benelux (Belgium, the Netherlands and Luxembourg), with more countries to follow soon.

Otis (NYSE: OTIS) is the world's leading elevator and escalator manufacturing, installation and service company.

"With these new modernisation packages, we're giving Otis customers options so they can control how they want to upgrade their ageing elevator equipment in phases, and budget for modernisation at their own pace," said Enrique Miñarro Viseras, President, Otis EMEA and Latin America. "Modernising elevators is an effective way to enhance their buildings with the latest technologies and improve passenger safety and experience. It also optimises energy consumption with regenerative drive technology, minimises unplanned disruptions and mitigates extended shutdowns due to obsolete parts or spare parts shortages."

FAQs about Otis modernisation packages: Arise™ MOD Prime and Otis Arise™ MOD Plus

What are the benefits of Otis' Arise MOD packages?

• Customers are in control, making informed choices about the level, cost, pace, and phased planning of elevator modernisation
• Otis experts provide guidance, offering the solution to best suit each building
• Customers have the flexibility to start with the Arise MOD Prime solution and upgrade later to the Arise MOD Plus solution - or opt straightaway for Arise MOD Plus package

What benefits are included in the Otis Arise MOD Prime solution?

• Elevator control systems are brought up to the latest European elevator safety standard (EN-81-20)
• Common tripping hazards are reduced with a new frequency variation electronic drive that precisely controls elevator speed for accurate floor-leveling
• Otis ONE™ monitors, collects and analyses data from elevators' smart sensors to deliver performance information, proactive communication and predictive insights to Otis' customers, and the field professionals servicing their units
• Energy consumption is reduced by up to 50% vs. legacy non-regenerative geared systems and up to 75% vs. hydraulic systems with Otis ReGen™ drive technology

What benefits are included in the Otis Arise MOD Plus solution?

• All Otis Arise MOD Prime upgrades are included and more
• An Arise MOD Plus solution includes a new geared machine and cables for smoother and more comfortable rides, or upgrade the system to Otis Gen2^® belt technology, equipped with a gearless machine and polyurethane coated steel belts for enhanced ride quality
• Shutdowns and repairs are reduced with a new state-of-the-art car door system that precisely controls elevator door opening and closing

What other options are available?

• New landing fixtures and hall signage
• In-car control panels and Otis eView™ in-car display for added safety and entertainment benefits
• Modern cab designs to match style and budget
• Braille and voice announcements for elevator calls to improve accessibility for people of all ages and abilities

How can you find out more about flexible phased elevator modernisation with Otis?

• Visit the Arise™ MOD page

About Otis

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.4 billion people a day and maintain approximately 2.4 million customer units worldwide - the industry's largest Service portfolio. You'll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 72,000 people strong, including 44,000 field professionals, all committed to manufacturing, installing and maintaining products to meet the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, YouTube, Instagram and Facebook @OtisElevatorCo.

Media Contact Richard.howat@otis.com +44 7392860548

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SOURCE Otis Worldwide Corporation

FAQ

What are the key features of Otis Arise MOD Prime and MOD Plus packages?

Arise MOD Prime includes EN-81-20 safety compliance, electronic drive for accurate floor-leveling, Otis ONE™ monitoring, and up to 75% energy savings. MOD Plus adds new geared machine, cables, and enhanced door system.

How much energy can buildings save with Otis Arise MOD modernization?

Buildings can reduce energy consumption by up to 50% compared to legacy non-regenerative systems and up to 75% versus hydraulic systems using Otis ReGen™ drive technology.

Which European countries have access to Otis's new modernization packages?

The packages are currently available in Spain, the UK, France, and Benelux (Belgium, Netherlands, Luxembourg), with plans for expansion to more countries.

What percentage of European elevators need modernization according to Otis?

According to Otis, more than 50% of Europe's 6 million elevators are at least 25 years old, indicating a significant need for modernization.

How does Otis ONE technology enhance elevator maintenance?

Otis ONE™ uses smart sensors to monitor, collect and analyze elevator data, providing performance information, proactive communication, and predictive insights to customers and service professionals.