Commission Decision No. 18-M-017/2018
Acquisition by United Technologies Corporation of Shares in Rockwell Collins, Inc.



United Technologies Corp., based in Farmington, Connecticut, USA, a provider of high technology products and services to the building and aerospace industries, has proposed to acquire shares of Rockwell Collins, Inc. from Rockwell Collins shareowners.

Rockwell Collins, based in Cedar Rapids, Iowa, USA, is a manufacturer and supplier of aviation and integrated solutions for both commercial and government applications. It also manufactures and supplies a variety of aircraft cabin interior products. It has a limited business presence in Batangas, Philippines.

UTC and Rockwell Collins have reached a definitive agreement on September 4, 2017. Under the terms of the agreement, UTC will acquire Rockwell Collins with the total transaction value of approximately US$ 30 billion, including Rockwell Collins’ net debt.

After the transaction, UTC will own all of Rockwell Collins’ shares and have sole control over Rockwell Collins.

The proposed transaction will be implemented through the merger of Rockwell Collins with and into Riveter Merger Sub Corp., a subsidiary of UTC. After implementation, Riveter Merger Sub Corp. will cease to exist, and Rockwell Collins will operate as a wholly-owned subsidiary of UTC.

Rockwell Collins and UTC Aerospace Systems will then be integrated to create a new business unit named Collins Aerospace Systems.

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