United Technologies (UTX, $127.98) Wants To Split Itself Up Into 3 Companies

Late Monday, United Technologies announced its plans to segregate itself into three companies: 1) United Technologies, which will focus on aerospace and defense industry supplier businesses, 2) Carrier, which comprises its refrigeration, air conditioning and building systems business and 3) Otis, which makes  elevators, escalators and moving walkways.

United Technologies got the final regulatory nod for its $23 billion acquisition of aviation electronics manufacturing company Rockwell Collins on Friday. After the acquisition, Rockwell combined with UTC Aerospace Systems will make up Collins Aerospace Systems – which will be part of the United Technologies company after the split.

"Our decision to separate United Technologies is a pivotal moment in our history and will best position each independent company to drive sustained growth, lead its industry in innovation and customer focus, and maximize value creation," said United Technologies CEO Gregory Hayes. United Technologies expects to complete the separation in 2020.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.