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Precision Engine Controls Corporation – San Diego, California; The industrial division of Hamilton Sundstrand was sold by United Technologies in July 2012 to The Carlyle Group and BC Partners. In 2013, The four industrial companies became subsidiaries of new parent company Accudyne Industries, Inc. [3]
UTC Aerospace Systems (UTAS) was one of the world’s largest suppliers of aerospace and defense products, headquartered in Charlotte, North Carolina, United States. The company was formed in August 2012 when parent United Technologies Corporation merged their existing subsidiary Hamilton Sundstrand with the newly-acquired Goodrich Corporation .
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Shares of UTC are down 0.7% on the news, at $80.44. Shares of Carlyle Group are up 0.6% at $24.71. The article UTC Sells Subsidiary to Carlyle Group originally appeared on Fool.com.
United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. [1] It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building automation, and industrial products, among others.
This was a divestiture that was a condition of UTC's 2012 acquisition of Goodrich. Pratt & Whitney's Rocketdyne operations were sold to jet engine maker GenCorp for $550 million in mid-2013. Three former Hamilton Sundstrand businesses, Milton Roy, Sullair and Sundyne, were sold to private equity firms BC Partners and The Carlyle Group for $3.46 ...
Hamilton Sundstrand continues to provide aerospace components and systems to most of the world's aircraft manufacturers, including Boeing, Airbus, Bombardier, and Embraer. In 2012 Hamilton Sundstrand merged with Goodrich Corporation to become UTC Aerospace Systems . [ 3 ]
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