United Technologies Corp. has announced that it has completed its purchase of Clipper Windpower Plc by acquiring all remaining shares, as previously announced.
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 their technology in blades, turbines, and gearbox design.The acquisition also builds on UTC's existing portfolio of energy efficient products and power generation systems. Based in Hartford, Connecticut, UTC is a diversified company that provides high technology products and services to the building systems and aerospace industries.
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 their technology in blades, turbines, and gearbox design.The acquisition also builds on UTC's existing portfolio of energy efficient products and power generation systems. Based in Hartford, Connecticut, UTC is a diversified company that provides high technology products and services to the building systems and aerospace industries.
