United Technologies selling unit to Oregon firm

Published on NewsOK Modified: December 22, 2012 at 11:53 am •  Published: December 22, 2012
Advertisement
;

SOUTH WINDSOR, Conn. (AP) — United Technologies Corp. says it has reached an agreement to sell its fuel cell business based in South Windsor to an Oregon fuel cell manufacturer.

Terms of the deal with ClearEdge Power Inc. of Hillsboro, Ore., were not disclosed Saturday.

The Hartford, Conn.-based industrial conglomerate is unloading UTC Power as it transforms its portfolio to focus on its core aerospace and building businesses.

United Technologies is the parent company of jet engine maker Pratt & Whitney, Otis elevator, Sikorsky Aircraft and other companies.

UPC Power is among the smallest United Technologies units with 405 employees.

United Technologies says the deal to sell UTC Power is subject to customary closing conditions. Closing is expected in early 2013.


Advertisement


Trending Now



AROUND THE WEB

  1. 1
    Barresi opposes bill to cut state testing in social studies
  2. 2
    Oklahoma basketball: Guard Je'lon Hornbeak to transfer
  3. 3
    Man re-arrested in Pakistan for cannibalism
  4. 4
    Report: Joe Buck, Greg Norman to lead Fox Sports' golf coverage in 2015
  5. 5
    Opinion: What if the government guaranteed you an income?
+ show more