United Technologies Announces Intention to Separate Into Three Independent Companies
United Technologies Corporation (UTC) announced yesterday, Nov. 26, the completion of its acquisition of Rockwell Collins and the company’s intention to separate its commercial businesses, Otis and Carrier, into independent entities.
The separation will result in three companies: United Technologies, comprised of Collins Aerospace Systems and Pratt & Whitney, with Collins Aerospace being formed through the combination of UTC Aerospace Systems and Rockwell Collins; Otis, a manufacturer of elevators, escalators and moving walkways; and Carrier, a provider of HVAC, refrigeration, building automation, fire safety and security products.