United Technologies (UTC) is nearing a deal to buy aviation systems and cabin equipment maker Rockwell Collins for close to US$20 billion, including debt, as consolidation among the world’s biggest aircraft suppliers gathers pace.
The Wall Street Journal said that the precise terms of a takeover had not yet been cemented, but that the two sides were locked in intensive negotiations with a view towards finalising a deal as early as this weekend.
A takeover of Rockwell would make UTC, a US$93 billion group known for making Carrier air conditioning units, Otis elevators and Pratt & Whitney jet engines, an even more critical supplier of components to aircraft companies such as Boeing and Airbus. It could also give UTC the option of separating its aerospace and aviation business from the rest of the company.
United Technologies already owns Pratt & Whitney aircraft engines but sold the Sikorsky helicopters to Lockheed-Martin in 2015.
Rockwell Collins, based in Cedar Rapids, Iowa, manufactures electronic equipment for cockpits and cabins. Last year it acquired American group B/E Aerospace for US$6.4 billion.
Full Content: Channel News Asia & Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI