By Alberto Delclaux

The European Commission on Friday conditionally approved the acquisition of airplane-parts maker Rockwell Collins Inc. (COL) by industrial conglomerate United Technologies Corp. (UTX).

The decision is conditional on UTC's divestment of businesses actuators, pilot controls, ice-protection and oxygen systems, the commission said.

"We can allow this merger to go ahead because in all the markets where we raised concerns, UTC has committed to divest activities covering the entire overlap between the two companies," Competition Commissioner Margrethe Vestager said.

UTC will divest its two research projects in oxygen systems, as well as Rockwell's entire global THSA and pilot-control businesses and Rockwell's global business in ice protection.

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

(END) Dow Jones Newswires

May 04, 2018 09:36 ET (13:36 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
United Technologies (NYSE:UTX)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024 Haga Click aquí para más Gráficas United Technologies.
United Technologies (NYSE:UTX)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024 Haga Click aquí para más Gráficas United Technologies.