The Competition Bureau announced on July 26, 2012, that it would allow United Technology Corporation to buy Goodrich Corporation.
Both UTC and Goodrich make parts for aircraft, and the Bureau’s analysis found that overlap between the two companies would lessen competition in markets for electrical generators and engine controls. However, UTC and Goodrich agreed with US and EU competition authorities to divest certain electrical generator and engine control manufacturing in the US, Europe, and Canada.
The remedies obtained by the US and EU authorities were sufficient, in the Bureau’s view.
UTC owns a number of companies that are household names, including Otis, Pratt & Whitney, and Sikorsky.
See the Bureau’s statement.