Mitsubishi Heavy Industries Buys Pratt & Whitney Power Systems From United Technologies, an Industrial Info News Alert
SUGAR LAND, TX -- (Marketwire) -- 12/13/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- At the start of this week, there were rumors around the trade show floor at Power-Gen International that Pratt & Whitney was being bought out. This morning, the rumors were confirmed when it was announced that United Technologies (NYSE:UTC) (Hartford, Connecticut), the parent company that owns Pratt & Whitney, had agreed to terms of sale for the Pratt & Whitney Power Systems unit with Mitsubishi Heavy Industries (MHI) (OTC:MHVYF) (Tokyo, Japan).
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