United Technologies, GE security unite

Tuesday, April 13, 2010 @ 10:04 PM gHale


United Technologies Corp. (UTC) is beginning the process of integrating GE Security into the fold after UTC purchased the GE business unit for $1.82 billion.

“This acquisition enhances UTC Fire & Security’s status as a leading franchise in the $100 billion global fire safety and electronic security industry,” said UTC President and Chief Executive Louis Chênevert. “It strengthens our North America footprint, extends our capabilities and complements our existing fire and security businesses.”

GE Security Inc. is a wholly owned affiliate of GE and focuses on communication and information technologies for security and life safety solutions. GE Security has 4,700 employees and operations in more than 26 countries.

“The Security business required significant investment in its capabilities to evolve and better serve the security industry,” said Charlene Begley, president and chief executive for GE Enterprise Solutions, which includes GE Security.



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