Heat Treat Industry News

September 30, 2011

United Technologies to acquire Goodrich in $18.4 bn deal

NEW YORK: In a move that would bolster its global presence in the aerospace and defence industry, United Technologies will snap up Goodrich Corp in a USD 18.4 billion deal.

United Technologies is a diversified group and its offerings include aerospace systems and Otis elevators. A supplier of systems and services to the aerospace and defence industry, Goodrich's products include aircraft landing gear, aircraft wheels and brakes.

Both the companies have presence in India. United Technologies in a statement yesterday said it would acquire Goodrich for USD 127.50 per share in cash.

PTI Sep 22, 2011, 06.18pm IST

http://articles.economictimes.indiatimes.com/

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