United Technologies to spin off Carrier in company split

PHOTO United Technologies Corp./Twitter

United Technologies Corp. on November 26 announced the completion of its Rockwell Collins acquisition and plans to separate into three independent companies.

Otis, a manufacturer of elevators, escalators and moving walkways, is to become the second independent business after UTC’s portfolio separation; and Climate, Controls & Security (CCS) is to become the third independent company, with CCS being renamed Carrier. CCS is a global provider of HVAC, refrigeration, building automation, fire safety and security products.

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