Economic turmoil notwithstanding, Hartford-based United Technologies Corp. has continued expanding through the acquisition of a Massachusetts energy services company that it is folding into Farmington-based Carrier Corp., UTC officials said.
UTC’s Carrier makes heating, ventilation, air-conditioning and refrigeration equipment, while Noresco, based in Westborough, Mass., tackles energy efficiency projects, according to a statement from Kelly Romano, president of Carrier’s building systems and services division.
Financial details of the acquisition were not disclosed.
Established in 1984, Noresco has done energy efficiency and related projects aimed at reducing energy and water consumption for a variety of customers including federal, state, and local governments, as well as schools, hospitals, utilities, business offices and factories, according to Romano.
Noresco has 20 offices around the U.S., she said.
The Noresco acquisition complements Carrier’s existing operations and is part of Carrier’s strategy to provide comprehensive, end-to-end building products and services, Romano said.
Neil Petchers, Noresco’s president and chief executive officer, said Carrier’s acquisition of his company “will allow us to expand our customer base as well as deliver increased value to our customers.”
The deal is the second within a month by a subsidiary of UTC, which hasn’t allowed a turbulent economy to hobble its growth.
In October, South Windsor-based UTC Power acquired Architectural Energy Corp., a Colorado-based energy engineering firm that, similar to Noresco, offers services and products to boost energy and environmental performance of buildings, company officials said.
Architectural Energy has its headquarters in Boulder, Colo., employs around 110 people and has satellite offices in San Francisco, Nashville and Chicago, according to Ken Fox, UTC Power vice president for on-site power solutions.
Its customers include building owners, architects, construction companies, corporations, cities and state agencies, as well as governmental and domestic organizations, Fox said.
UTC Power, familiar mainly for its fuel cells, also has expanded the solar-power end of its business this year. In August, it inked an agreement to sell solar-generated electricity to Merck & Co. Inc.’s headquarters in Whitehouse Station, N.J.
