GE to sell security unit to United Technologies

November 12, 2009

US conglomerate General Electric on Thursday announced it would sell its security unit to United Technologies Corp. for 1.82 billion dollars.

GE Security provides communication and technologies for surveillance, security and fire detection and has operations in over 26 countries.

"The Security business required significant investment in its capabilities to evolve and better serve the security industry," said Charlene Begley, president and of the unit that includes GE Security.

The Security business will become part of UTC's Fire & Security business, which is headquartered in Connecticut.

"We're excited to invest in a company whose technologies will improve our growing position in the fire and security industry," said UTC division president William Brown.

"GE has well respected products and brands that complement our existing portfolio and position us well for future growth."

GE, one of the world's biggest companies, makes aircraft engines, energy equipment and owns the NBC Universal media entertainment group.

UTC is a diversified company whose units include Sikorsky helicopters, Pratt & Whitney aircraft engines, Hamilton Sundstrand aerospace systems, Otis elevators and Carrier heating and air conditioning.

(c) 2009 AFP

Explore further: Microsoft: New security tech products

Related Stories

SAIC finishes aquisition of GSTI

April 18, 2006

Research company Science Applications International Corporation announced Tuesday it has completed its acquisition of Geo-Spatial Technologies Inc.

GE to open advanced tech center in Michigan

June 26, 2009

General Electric announced plans Friday to open an "advanced manufacturing technology and software center" in Michigan that could create more than 1,100 job in the coming years.

Recommended for you

Nevada researchers trying to turn roadside weed into biofuel

November 26, 2015

Three decades ago, a University of Nevada researcher who obtained one of the first U.S. Energy Department grants to study the potential to turn plants into biofuels became convinced that a roadside weed—curly top gumweed—was ...

Glider pilots aim for the stratosphere

November 20, 2015

Talk about serendipity. Einar Enevoldson was strolling past a scientist's office in 1991 when he noticed a freshly printed image tacked to the wall. He was thunderstruck; it showed faint particles in the sky that proved something ...

The ethics of robot love

November 25, 2015

There was to have been a conference in Malaysia last week called Love and Sex with Robots but it was cancelled. Malaysian police branded it "illegal" and "ridiculous". "There is nothing scientific about sex with robots," ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.