United Technologies Completes Clipper Windpower Acquisition

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United Technologies Corp. (UTC) has completed its purchase of Clipper Windpower PLC by acquiring all remaining shares.

Clipper Windpower is a California-based company engaged in wind energy technology, turbine manufacturing and wind project development.

The acquisition by UTC is expected to create financial stability, while enabling Clipper to leverage UTC's management capabilities, operational expertise and technology in blades, turbines and gearbox design, according to UTC.

SOURCE: United Technologies Corp.

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