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December 13, 2012 at 06:15 AM EST
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).

Other companies featured: Hitachi Limited (OTC:HTHIY), General Electric (NYSE:GE)

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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