United Technologies Corp. has reached an agreement to purchase the GE Security business from GE for $1.82 billion. The closing is pending regulatory approvals.
GE Security, part of GE Technology Infrastructure, supplies security and life safety technologies through a product portfolio for commercial and residential applications that include fire detection and life safety systems, intrusion alarms and video surveillance and access control systems. Headquartered in Bradenton, Fla., the business has eight manufacturing facilities and approximately 4,700 employees in 26 countries.
Headquartered in Connecticut, UTC Fire & Security is a business unit of United Technologies Corp., which provides high technology products and services to the building and aerospace industries worldwide.