UNITED TECHNOLOGIES HOLDINGS ITALY ACQUIRES MAJORITY STAKE IN RIELLO

摘要

United Technologies Holdings Italy said it completed the acquisition of approximately 70% of Riello S.p.A., a provider of heating products in over 60 countries. The Riello family will continue to own the balance of the shares of Riello S.p.A., which now becomes part of UTC Climate, Controls & Security. "This is a historical milestone for Riello Group, reflecting our intention to continue to serve our customers while strengthening our value proposition." said Ettore Riello, chairman of the board, Riello Group S.p.A., Riello S.p.A.