Allied Signal and MTU form Vericor
The European Commission has approved a joint venture in the small aeroderivative gas turbine sector by AlliedSignal of the USA and German group MTU.
AlliedSignal will contribute its small gas turbine activities to the joint venture – Vericor Power Systems LLC which will be based in the USA. Vericor will develop, market, sell and deliver customer support for small aeroderivative industrial and marine gas turbines produced on the basis of AlliedSignal`s technology.
The joint venture will extend MTU`s product range and AlliedSignal`s geographic reach.