Ac­qui­si­tion

SP's Aviation - - TABLE OF CONTENTS - By JAYANT BARAN­WAL

Ex­cit­ing Times: Al­pha Bravo Collins

Now, with Collins Aero­space and Pratt & Whit­ney units, United Tech­nolo­gies will be able to fo­cus far more ef­fec­tively on its lead­er­ship in the aero­space world, as it re­claims its po­si­tion back which had some void after the di­vest­ment of Siko­rsky unit to Lock­heed Martin

United Tech­nolo­gies’ ac­qui­si­tion of Rock­well Collins is one of the largest ac­qui­si­tions and merg­ers in the history of aero­space world. This ac­qui­si­tion brings to­gether Rock­well Collins along­with UTC Aero­space Sys­tems to cre­ate Collins Aero­space Sys­tems. “Collins Aero­space brings to­gether two great com­pa­nies with un­matched ex­per­tise in de­vel­op­ing elec­tri­cal, me­chan­i­cal and soft­ware so­lu­tions,” said Gre­gory Hayes, the Chair­man and Chief Ex­ec­u­tive Of­fi­cer of UTC group. “We will have a laser fo­cus on de­vel­op­ing in­no­va­tive so­lu­tions for cus­tomers and gen­er­at­ing strong re­turns for share­own­ers,” he adds. GRE­GORY HAYES, CHAIR­MAN & CHIEF EX­EC­U­TIVE OF­FI­CER, UTC GROUP

World of aero­space is full of sur­prises and un­pre­dictably mega events. Tech­nol­ogy, and re­fine­ments are the in­te­gral parts of aero­space world. Ac­qui­si­tions and merg­ers have also been fac­tored in the process time and again.

On Novem­ber 26th, a much talked about ac­qui­si­tion of Rock­well Collins by United Tech­nolo­gies has fi­nally been con­cluded. This brings a host of com­pli­ment­ing range of aero­space ex­per­tise to UTC group such as avion­ics, elec­tron­ics, and in­te­ri­ors. United Tech­nolo­gies has now de­cided to emerge as an ab­so­lute aero­space gi­ant of­fer­ing the en­tire range of aero­space sys­tems so­lu­tions.

While the group has in­vested an amount of US$30 bil­lion to ac­quire Rock­well Collins cre­at­ing a new brand Collins Aero­space Sys­tems, the group has also de­cided to di­vest its non-aero­space units, Otis and Car­rier. Th­ese two units will now be in­de­pen­dent com­pa­nies leav­ing UTC group as a pure aero­space en­tity. “Our de­ci­sion to sep­a­rate United Tech­nolo­gies (from non-aero­space ac­tiv­i­ties: Car­rier and Otis) is a piv­otal mo­ment in our history and will best po­si­tion each in­de­pen­dent com­pany to drive sus­tained growth, lead its in­dus­try in in­no­va­tion and cus­tomer fo­cus, and max­imise value cre­ation,” said United Tech­nolo­gies Chair­man and Chief Ex­ec­u­tive Of­fi­cer Gre­gory Hayes on the di­vest­ment plan.

Gre­gory Hayes re­tains his po­si­tion of the Chair­man and Chief Ex­ec­u­tive Of­fi­cer in United Tech­nolo­gies, hav­ing the com­bined power of two key aero-

space units, Pratt & Whit­ney and Collins Aero­space.

United Tech­nolo­gies’ ac­qui­si­tion of Rock­well Collins is one of the largest ac­qui­si­tions and merg­ers in the history of aero­space world. This ac­qui­si­tion brings to­gether Rock­well Collins along­with UTC Aero­space Sys­tems to cre­ate Collins Aero­space Sys­tems, an in­dus­try leader with a global pres­ence of 70,000 em­ploy­ees in 300 sites, 16,000 engi­neer­ing work force and US$23 bil­lion in an­nual sales on a 2017 pro forma ba­sis.

“Collins Aero­space brings to­gether two great com­pa­nies with un­matched ex­per­tise in de­vel­op­ing elec­tri­cal, me­chan­i­cal and soft­ware so­lu­tions,” said Gre­gory Hayes on the cre­ation of the brand. “We will have a laser fo­cus on de­vel­op­ing in­no­va­tive so­lu­tions for cus­tomers and gen­er­at­ing strong re­turns for share­own­ers,” he added.

Collins Aero­space Sys­tems will specif­i­cally have 6 busi­ness units:

aerostruc­tures

avion­ics in­te­ri­ors

me­chan­i­cal sys­tem

mis­sion sys­tems &

power and con­trols

Collins Aero­space is poised to serve the fol­low­ing seg­ments:

Com­mer­cial Avi­a­tion

Busi­ness Avi­a­tion

Mil­i­tary & De­fence

He­li­copters

Space

Air­ports

Other in­dus­tries

With Collins Aero­space and Pratt & Whit­ney units, United Tech­nolo­gies will be able to fo­cus far more ef­fec­tively on its lead­er­ship in the aero­space world, as it re­claims its po­si­tion back which had some void after the di­vest­ment of Siko­rsky unit to Lock­heed Martin. The sales port­fo­lio of Collins Aero­space in­cludes 75% rev­enue from com­mer­cial mar­ket while the re­main­ing 25% from the mil­i­tary mar­ket. The R&D in­vest­ment of the new en­tity is close to US$3.1 bil­lion.

Kelly Ort­berg takes charge of Collins Aero­space as Chief Ex­ec­u­tive Of­fi­cer. Prior to this, Kelly has been the Chair­man, Pres­i­dent and CEO of Rock­well Collins. He seems to be quite up­beat about the new brand. “I’m con­vinced that Collins Aero­space is a very spe­cial or­gan­i­sa­tion that will re­de­fine the aero­space in­dus­try”, he com­mented.

“I’m con­vinced that Collins Aero­space is a very spe­cial or­gan­i­sa­tion that will re­de­fine the aero­space in­dus­try,” com­ments Kelly Ort­berg, CEO of Collins Aero­space

COLLINS AERO­SPACE, WITH A COM­PRE­HEN­SIVE PORT­FO­LIO, EX­TEN­SIVE CA­PA­BIL­I­TIES AND BROAD EX­PER­TISE, REP­RE­SENTS THE BEST IN AERO­SPACE IN­NO­VA­TION AND TECH­NOL­OGY

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.