FMJ Facilities Management magazine providing industry-specific intelligence to FM and property professionals
Otis Worldwide Corporation, one of the world’s leading firms for elevator and escalator manufacturing, installation, service and modernisation, has closed an agreement to acquire a majority stake in WeMaintain, a fast-growing, technology-enabled service company for the elevator and escalator industry.
WeMaintain is a 350-person scale-up founded in Paris in 2017. Its largest market is the UK, with clients including the Bank of England, the NHS, Dockland Light Railway (DLR), and Mars.
The investment says Otis, reflects its 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.
Judy Marks, Chair, CEO and President, Otis Worldwide Corp said: “Service is the foundation of our business, and innovation in how service is delivered is increasingly important as customers seek greater reliability and better visibility into performance. WeMaintain has built a strong technology platform and agile operating model that reflects how quality service is delivered in a fast-paced, digital and customer centric environment. We are confident in their growth potential and believe this investment supports their continued success while creating long-term value for both organisations.”
Benoit Dupont, WeMaintain CEO commented: “Otis’ investment allows us to stay focused on what we do best – continuing to build and advance our technology and scale our business as an independent company. With the stability and support of the global industry leader, we are well positioned to strengthen our offering while maintaining the close customer relationships and high standards that have always defined our approach.”
FMJ and Watco Webinar: Meeting compliance in a new culture of accountability
From January 2026, the Building Safety Regulator (BSR) formally separated from the Health and Safety Executive (HSE). Created under the Building Safety Act 2022 in response to the Grenfell Tower tragedy, the BSR is designed to raise safety standards across the built environment and introduce a stronger culture of accountability, transparency, and proactive risk management.
This shift places facilities managers in a more strategic safety assurance role – far beyond routine maintenance.
FMJ and Watco are hosting a webinar on 22 April at 11:00am to explore what this new regulatory landscape means for FMs. To register for the webinar click here.
Can’t make it no problem…
Simply register above and after the webinar has been broadcast, we will send you a link to watch the recording.
