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United Technologies CEO sees $1 bln in acquisitions in 2015
March 12, 2015 / 5:37 PM / 3 years ago

United Technologies CEO sees $1 bln in acquisitions in 2015

NEW YORK, March 12 (Reuters) - United Technologies Corp’s chief executive officer said on Thursday that the company will spend $1 billion on acquisitions this year, “maybe a little bit more.”

United Technologies CEO Greg Hayes, speaking at investor day in New York, previously said he was interested in large deals. But on Thursday, he said that the M&A acquisition climate was difficult due to high pricing.

Hayes also said the company expects $45 billion in free cashflow between now and the end of the decade. (Reporting by Lewis Krauskopf and Sagarika Jaisinghani, editing by G Crosse)

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