NEW YORK | United Technologies is breaking into 3 independent companies

26Nov - by Editor - 0 - In STL.News



NEW YORK— United Technologies is breaking itself into three independent companies now that it has sealed its $23 billion acquisition of aviation electronics maker Rockwell Collins.

The company’s announcement Monday was the latest by a sprawling industrial conglomerate deciding it will be more efficient and focused as smaller, separate entities.

“Our decision to separate United Technologies is a pivotal moment in our history and will best position each independent company to drive sustained growth, lead its industry in innovation and customer focus, and maximize value creation,” said United Technologies CEO Gregory Hayes.

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