HARTFORD, Conn. — United Technologies Corp. (UTC) has combined its Fire & Security business and the Carrier heating and cooling units into one division called UTC Climate, Controls and Security Systems, the company announced Wednesday.
Former Carrier President Geraud Darnis will serve as president and CEO of the new division, which will report combined operating results beginning in 2012. The company said the new structure will allow UTC to better serve customers by offering more fully integrated products and solutions.
The company’s Pratt & Whitney jet engine manufacturing business and the Hamilton Sundstrand aerospace and industrial products supply business will also be combined into one unit, named UTC Propulsion and Aerospace Systems.
UTC joins the ranks of two other companies that recently announced their restructurings. Last week, Tyco Int’l said that it will split into three separate publicly traded businesses. Tyco will divide its ADT North America residential security business, commercial fire and security division, and flow control unit. Siemens also revealed that it had merged its fire and security business units.
The announcement comes a week after UTC closed a $16.5 billion cash deal to acquire Goodrich Corp., an aircraft components maker, Reuters reports.
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