UTC Power in South Windsor sold to Oregon firm
By Christian Mysliwiec - Staff Writer
South Windsor - posted Fri., Jan. 4, 2013
Since the third quarter of 2012, United Technologies was pursuing bids for UTC Power, located on Governor's Highway in South Windsor, and on Dec. 22 the firm announced that an agreement had been reached to divest the unit to ClearEdge Power based in Hillsboro, Oregon. The sale is expected to close early this year, subject to customary closing conditions.
UTC Power is an industry leader in developing and producing fuel cells and has clients across the globe. The company has made the fuel cells that produced electricity and drinking water for every manned U.S. space flight since the Apollo program, and in town the company built the PureCell 200 fuel cell that has serviced South Windsor High School for nearly a decade and has enabled the school to serve as an emergency shelter during power outages.
“Until the sale is closed, UTC Power will continue to support customers, deliver products and otherwise continue business as usual,” said UTC public relations manager Ian Race, via e-mail.
The move to divest Power is part of an ongoing portfolio transformation on the part of Hartford-based UTC. “UTC made a strategic decision to focus on its core businesses of aerospace and building systems in order to take advantage of key global trends that will drive growth,” said Race. These portfolio changes have included the acquisition of Goodrich Corporation and a majority share of International Aero Engines. In addition to Power, the corporation has also sold Clipper Windpower, Pratt & Whitney Rocketdyne and Pratt & Whitney Power Systems, as well as the Hamilton Sundstrand industrial businesses of Milton Roy, Sundyne and Sullair.
ClearEdge Power is a manufacturer of on-site power systems that is committed to providing clean energy. In a press release by ClearEdge Power, President and CEO David B. Wright said, “We are excited about the strategic combination of ClearEdge Power and UTC Power to address the demand for clean, continuous, distributed power solutions.”
Calls to ClearEdge Power were not immediately returned, and it is uncertain how the acquisition will affect local jobs.