United Technologies Sells Fuel Cell Business to ClearEdge

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On Saturday, United Technologies announced the latest step in its plan to refocus the company on its "core aerospace and commercial businesses."

Following on the heels of its sale of Pratt & Whitney Power Systems to Mitsubishi Heavy Industries, announced two weeks ago, UTC says it will now divest its small UTC Power fuel cells unit as well. UTC Power will be sold to commercial fuel cell power company ClearEdge Power, of Hillsboro, Ore.

Terms of the agreement were not disclosed. This sale is expected to close in early 2013.

The article United Technologies Sells Fuel Cell Business to ClearEdge originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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