UTC Completes Acquisition of Rockwell Collins; Separating into 3 Companies

United Technologies Corp. announced on Monday the completion of its acquisition of Rockwell Collins and the company’s intention to separate its commercial businesses, Otis and Carrier (formerly CCS), into independent entities. The separation will result in three global, industry-leading companies:

United Technologies, comprised of Collins Aerospace Systems and Pratt & Whitney, will be the preeminent systems supplier to the aerospace and defense industry. Collins Aerospace was formed through the combination of UTC Aerospace Systems and Rockwell Collins;

Otis, the world’s leading manufacturer of elevators, escalators and moving walkways; and

Carrier, a global provider of HVAC, refrigeration, building automation, fire safety and security products with leadership positions across its portfolio.