July 26, 2012 / 5:42 PM / in 6 years

United Technologies closes $16.5 billion Goodrich takeover

(Reuters) - United Technologies Corp (UTX.N) closed its largest-ever acquisition on Thursday, buying aircraft equipment maker Goodrich Corp GR.N for $16.5 billion, in a deal that will add about $8 billion to its annual revenues and boost its presence on jets of Boeing Co (BA.N) and EADS EAD.PA unit Airbus.

    The deal’s closing follows regulatory sign-offs from European, U.S. 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 $250 million in annual revenue.

    Reporting By Scott Malone; Editing by Gerald E. McCormick

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below