United Technologies has received the final regulatory approval needed to close its acquisition of its US$30 billion purchase of aircraft parts maker Rockwell Collins.
The conclusion of the regulatory review by China’s State Administration for Market Regulation clears the way for United Technologies to proceed with the proposed acquisition announced on September 4, 2017. The acquisition is expected to close within three business days.
United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries.
