United Technologies Corp. (NYSE: UTX) today announced that it has completed its purchase of Clipper Windpower Plc by acquiring all remaining shares, as previously announced.
Clipper Windpower is a California-based company engaged in wind energy technology, turbine manufacturing, and wind project development. Its acquisition by UTC creates the long-term financial stability necessary for Clipper's continued growth, while enabling Clipper to fully leverage UTC's management capabilities, operational expertise and world-class technology in blades, turbines, and gearbox design.
The acquisition also builds on UTC's existing portfolio of energy efficient products and power generation systems that respond to the world's growing demand for cleaner, more efficient products.
Based in Hartford, Connecticut, UTC is a diversified company that provides high technology products and services to the building systems and aerospace industries.
UTC-IR
Contact:
John Moran
(860) 728-7062
www.utc.com
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