EU Commission approves Rockwell Collins sale to UTC after divestitures
The EC has cleared the way for United Technologies Corp to buy Rockwell Collins, assuming the divestiture of businesses in actuators, pilot controls, ice protection and oxygen systems. The May 4 announcement—which was largely expected—removes one of the last requirements for the US aerospace companies to clear before merging their operations, expected this summer. The Commission had been concerned that the US$30b tie-up would have reduced competition for trimmable horizontal stabiliser actuators, throttle quadrant assemblies and rudder brake pedal systems, pneumatic wing ice protection and oxygen systems. In THSAs, there already were limited competitors, and in oxygen masks, Rockwell was a leader while UTC had planned earlier to enter the market. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-10/general/eu-commission-approves-rockwell-collins-sale-to-utc-after-divestitures
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EU Commission approves Rockwell Collins sale to UTC after divestitures
The EC has cleared the way for United Technologies Corp to buy Rockwell Collins, assuming the divestiture of businesses in actuators, pilot controls, ice protection and oxygen systems. The May 4 announcement—which was largely expected—removes one of the last requirements for the US aerospace companies to clear before merging their operations, expected this summer. The Commission had been concerned that the US$30b tie-up would have reduced competition for trimmable horizontal stabiliser actuators, throttle quadrant assemblies and rudder brake pedal systems, pneumatic wing ice protection and oxygen systems. In THSAs, there already were limited competitors, and in oxygen masks, Rockwell was a leader while UTC had planned earlier to enter the market. <br/>
