United Technologies to Acquire GE Security for $1.8 billion United Technologies Corp. announced it has reached an agreement to purchase the GE Security business from GE (NYSE: GE) for $1.82 billion. The closing is pending regulatory approvals. “This acquisition enhances UTC Fire & Security’s status as a leading franchise in the $100 billion global fire safety and electronic security industry,” UTC President and Chief Executive Officer Louis Chênevert said. “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 the General Electric Company focused 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 & CEO, GE Enterprise Solutions, which includes GE Security. |
ICx Technologies Ranks 37 in FAST 500 ICx Technologies, an Arlington, VA-based developer of advanced sensor technologies, debuted as the 37th fastest growing technology company in North America in Deloitte’s Technology Fast 500. The distinction is based on the ICx revenue growth from 3 million in 2004 to $171 million in 2008, and advance of more than 5,000%. |
Ingram Micro Announces New Physical Security Division Ingram Micro has announced its new Physical Security Division led by Tom Burns, Director. The new division brings together an extensive portfolio of physical security products and services offered that support integrated security solutions. The division is focused on four primary security solution categories including: 1) Alarm and Fire, 2) Monitoring Services, 3) Access Control and 4) Video Surveillance. |
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