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

AI machine achieves IQ test score of young child

October 6, 2015

Some people might find it enough reason to worry; others, enough reason to be upbeat about what we can achieve in computer science; all await the next chapters in artificial intelligence to see what more a machine can do ...

Dutch create world's largest man-made wave

October 5, 2015

In a country where most people live below sea level, studying the oceans is a matter of survival. Now Dutch scientists have created the world's biggest man-made wave in a bid to prepare for the worst.


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.