United Technologies to spin off Carrier in company split
December 10, 2018 | By Jillian Morgan
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.