We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.

logo
  • Engineers & Specifiers
  • Contractors & Installers
  • Wholesalers & Distributors
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Free Subscription
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • PRODUCTS
    • Bath & Kitchen
    • Fire Protection
    • HVAC
    • Hydronics/Radiant
    • Plumbing
    • PVF
    • Tools
  • PROJECTS
    • Commercial
    • Green Building
    • MRO/Retrofit
    • Remodeling
    • Residential
  • HOW TO
    • Design
    • Fire Protection
    • Legal Matters
    • Management
  • BUSINESS
    • Buying Groups
    • Technology
    • Associations
  • CODES & STANDARDS
    • ANSI
    • ASHRAE
    • ASSE
    • Regulations
    • Green Building
    • IAPMO
    • ICC
    • NFPA
  • RESOURCES
    • Media Kit
    • Advertise
    • Contact Us
    • Classifieds
    • Digital Editions
    • Behind the Wall
    • Webinars
    • AHR Live 2023
  • PODCASTS
  • DIGITAL EDITIONS
Home » United Technologies to Spin Off Carrier

United Technologies to Spin Off Carrier

November 27, 2018
No Comments
United Technologies to Spin Off Carrier

United Technologies, parent company of Carrier Corp., is breaking up into three companies, making Carrier an independent entity.

Otis, manufacturing of elevators, escalators and moving walkways will also stand alone. The third company will remain named United Technologies and comprise Collins Aerospace Systems and Pratt & Whitney.

"As standalone companies, United Technologies, Otis and Carrier will be ready to solve our customers' biggest challenges, provide rewarding career opportunities, and contribute positively to communities around the world," said Chairman and CEO Gregory Hayes in a statement.

The company also said it has completed its acquisition of Rockwell Collins and combined that business with UTC Aerospace Systems to form Collins Aerospace Systems. That unit will be part of the United Technologies company after the split.

According to the company, Carrier and its portfolio of HVAC, refrigeration, fire, security and building automation technologies had 2017 sales of $17.8 billion.

The company expects the separation to be completed in 2020.

Business Contractors & Installers HVAC Industry Community News Wholesalers & Distributors
  • Related Articles

    Honeywell to Spin Off Home Heating, Fire Protection Units

    Johnson Controls to spin off automotive division, reports record earning for fiscal 3Q

    Zurn Water Solutions Completes Spin-Off

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular

  • SLB Announces Newmans Valve as NEWCO Valve Supplier for Western Hemisphere

  • Chicago Plumber’s Union Dyes Chicago River Green for St. Patrick’s Day 2023

  • Peterman Brothers Charity Showdown Supports Indianapolis-Area Community Organizations

  • International Code Council Headquarters Moves to Ultra-High-Performance Building with Additional Capabilities

Featured Video

Caleffi video thumb

The Gold Standard: Separation with NO Compromise

Industry Events

  • 26Mar

    MCAA 2023 Annual Convention

    Phoenix, AZ
  • 29Mar

    2023 SFPE European Conference & Expo

    Berlin ,
  • 11Apr

    ASA ELEVATE2023

    Charleston, SC
More Events

Subscribe to our newsletters & stay updated

Subscribe & Learn More

  • Tw03 2023 cover
    Learn More
  • Pe03 2023 cover
    Learn More
  • Phc03 2023 cover
    Learn More
  • Es 2022
    Learn More
Subscribe

More from PHCP Pros

  • Editorial Team
  • Home
  • Contact Us
  • About
  • Advertise

Follow Us

© 2023 All Rights Reserved

Design, CMS, Hosting & Web Development | ePublishing