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United Technologies Corp To Sell Pump And Engine Control Systems Unit To Triumph Group Inc

Friday, 18 Jan 2013 11:56am EST 

United Technologies Corp announced it has reached agreement to sell the former Goodrich Corporation pump and engine control systems business to Triumph Group Inc. The transaction is subject to regulatory approvals and customary closing conditions. Closing is expected in the first quarter of 2013. Sale of the pump and engine control systems unit was one of the divestitures required by regulatory authorities as a condition of UTC's acquisition of Goodrich Corporation. Terms of the transaction were not disclosed. 

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0.68 +1.06%
17 Dec 2014