Pratt & Whitney (UTX) Acquires Majority Interest in Turboden
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Pratt & Whitney Power Systems has agreed to purchase a majority interest in Turboden S.r.l. (Turboden), an Italian manufacturer of high efficiency turbogenerator systems.
Terms of the transaction were not disclosed.
Based in Brescia, Turboden designs and produces Organic Rankine Cycle (ORC) systems including turbines and turn-key turbogenerator units for distributed power generation in biomass, geothermal, solar and industrial heat recovery applications. The agreement with Turboden is an important extension of Pratt & Whitney Power Systems' presence in renewable power generation through its PureCycle(R) product line.
Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.[SM]
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