Law360, New York (August 07, 2012, 10:24 PM ET) -- Aerospace technology company United Technologies Corp. has sold its wind-power technology unit to Los Angeles-based private equity firm Platinum Equity LLC as part of its efforts to finance its $18.4 billion purchase of aerospace company Goodrich Corp., the firm said Tuesday.
Hartford, Conn.-based UTC said in March that it was discontinuing operations of its Clipper Windpower unit, the California-based wind energy technology company it acquired in December 2010, in order to finance the Goodrich purchase that closed in July.
Terms of the Clipper sale were not...
UTC Sells Wind Power Unit To Finance $18.4B Goodrich Buy
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