It was renamed in 2004 to celebrate the 150th year of operations of the local Otis Elevator Company and to correct a long-standing anomaly: this U6 line station was originally named Seidelstraße, even though its entrance was closer to Otisstraße.
The station was renamed in 2004 to honor the 150th anniversary of Otis Elevator Company and to correct an error: it was initially called Seidelstraße, even though its entrance was closer to Otisstraße.