UTC-Goodrich acquisition approved

United Technologies Corp. has announced that all remaining regulatory approvals related to the proposed acquisition of Goodrich Corporation have been obtained. In line with previous expectations, the regulatory clearances from the US Department of Justice and the European Commission require that UTC sell Goodrich’s Electric Power Systems business and Goodrich’s Connecticut-based Pumps and Engine Controls business. UTC will sell Goodrich’s interest in Aero Engine Controls (AEC), a joint venture with Rolls-Royce. The AEC aftermarket business will remain with UTC, but Rolls-Royce will have ability to purchase this aftermarket business in the future.