HARTFORD (dpa-AFX) - United Technologies Corp. (UTX) said Saturday it has agreed to divest its UTC Power fuel cells unit to ClearEdge Power, based in Hillsboro, Oregon. The financial terms of the deal were not disclosed.
The deal is expected to close early in 2013 and is subject to customary closing conditions.
The company reiterated that divesting UTC Power is another step forward in its ongoing portfolio transformation to focus on its core of aerospace and building systems.
United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries.
Copyright RTT News/dpa-AFX