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Hamilton Sundstrand Acquires Spain-based Marelli Pumps

Written by thomas · Filed Under Aeronautics News 

July 31, 2008

thomas

WINDSOR LOCKS, Conn., July 31 /PRNewswire/ — Hamilton Sundstrand, a
subsidiary of United Technologies Corp. (NYSE: UTX), has acquired
privately-held Marelli Pumps, a leader in the design and manufacture of
heavy duty centrifugal pumps. Terms of the deal were not disclosed.

Marelli, based in Illescas, Toledo, Spain, supplies a wide range of
centrifugal pumps for customers in the oil, petrochemical, chemical,
industrial process, water and firefighting industries. It has approximately
euros 30 million in annual sales and operates in Spain, Southern Europe and
the Middle East. It will become part of Sundyne, one of Hamilton
Sundstrand’s three industrial companies.

“We are extremely pleased to have Marelli, and its 150 employees, join
the Hamilton Sundstrand Industrial team,” said Stephen Oswald, president of
Hamilton Sundstrand’s Industrial division. “This acquisition expands the
oil and gas product offering to our customers and provides opportunities to
expand Marelli geographically.”

The Hamilton Sundstrand Industrial division includes Milton Roy,
Sundyne and Sullair.

Headquartered in Arvada, Colo., Sundyne Corp. is a leading global
manufacturer of engineered pumps and compressors serving process industries
worldwide. Additional information can be found at http://www.sundyne.com.

With 2007 revenues of $5.6 billion, Hamilton Sundstrand employs
approximately 19,000 people worldwide and is headquartered in Windsor
Locks, Conn. Among the world’s largest suppliers of technologically
advanced aerospace and industrial products, the company designs,
manufactures and services aerospace systems and provides integrated system
solutions for commercial, regional, corporate and military aircraft. It
also is a major supplier for international space programs.

United Technologies, based in Hartford, Conn., is a diversified company
providing high technology products and services to the global aerospace and
building industries.

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