# United Technologies to spin off Carrier as independent company

United Technologies announced that the spin-off of its Carrier air conditioning and refrigeration subsidiary is substantially complete and expected to occur early in the second quarter of 2020.

- Type: Acquisition
- Announced: 2020-01-29
- Where: United States
- Value: $100.0B
- Status: announced
- Products: air conditioning and refrigeration systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [United Technologies Corp.](https://endata.com/companies/937.md)
- [United Technologies Corp.](https://endata.com/companies/937.md) (acquirer)
- [Carrier Corp](https://endata.com/companies/5132.md) (target)
- [Raytheon](https://endata.com/companies/19863.md) (target)

## Sources

- [coolingpost.com](https://www.coolingpost.com/world-news/carrier-spin-off-plans-substantially-complete/), 2020-01-29: "Operational separation activities for Otis and Carrier are substantially complete, and we are executing the final steps required to spin both businesses as independent companies early in the second quarter."
- [clearygottlieb.com](https://www.clearygottlieb.com/news-and-insights/news-listing/utc-secures-clearance-for-combination-with-raytheon), 2020-03-13: "The transaction is expected to close on April 3, 2020, in conjunction with the completion of UTC’s announced spin-offs of its Otis and Carrier business units."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.