Zardoya Otis SA is a Spain-based company primarily engaged in the manufacture and installation and maintenance of elevators and escalators. The Company's products portfolio also comprises moving walkways, stairway chair lifts and other vertical and horizontal transportation systems. The Company�s facilities include production plants located in Madrid and San Sebastian and an industrial modernization center in Munguia, province of Biscay. The Company�s subsidiaries include Ascensores Eguren SA, Ascensores Ingar SA, Cruxent-Edelma SL, Ascensores Serra, S.A, Mototraccion Electrica Latierro SA, Puertas Automaticas Portis SL, Otis Elevadores Lda, Masel Otis Elevadores Madeira Lda and Ascensores Pertor SL, among others. The Company�s major shareholders include United Technologies Holdings SAS (UTC), and Euro Syns SA.