July 26, 2012
United Technologies closed its largest-ever acquisition on Thursday, buying aircraft equipment maker Goodrich for USD$16.5 billion.
The deal will add about USD$8 billion to United Tech's annual revenues and boost its presence on jets of Boeing and Airbus.
The deal's closing follows regulatory sign-offs from European, US and Canadian authorities, who approved the purchase on the condition that United Tech sell some of Goodrich's power generation and small-engine control units that generate about USD$250 million in annual revenue.
