All about the acquisition
GE Security becomes part of UTC Fire & Security
March 1, 2010, United Technologies Corporation (UTC) announced the completion of its acquisition of the GE Security (GES) business from GE. Since 2003, and with the addition of GES, UTC has invested nearly $9 billion in building its fire and security business with the goal of becoming the industry leader.
SUMMARY
- Leader in the global fire and security industry
- Approximately $6.7 billion in combined revenues (2009)
- ~ 45,000 employees worldwide
- A commitment to channel relationships and supporting and strengthening these partnerships through continued product development and customer support.
- The backing of UTC and its strong, clear, unambiguous commitment to growing its position in the fire and security industry.
COMPLEMENTARY PRODUCTS
GES has UL approved products in North America that fill product gaps in the UTC Fire & Security (UTCFS) fire products offering.
On the security side, the new products will build scale and complement Lenel’s leadership in enterprise software and Onity’s capabilities in electronic locks.
GLOBAL SCALE
The acquisition creates a more significant presence in North America, providing balance with the existing position in Europe and Asia.
STRONG BRANDS
Fire: Kidde, Det-Tronics, Fenwal, Fireye, Forney, Marioff, AirSense, GST, Silvani, Omicron, Autronica, Noha, Chemetron, Angus, EST, FireworX, Vigilant, Edwards
Security: Lenel, Onity, Guardall, VisioWave, Alliance, Simon, Casi-Rusco, Picture Perfect, FCWnX , Supra
Services: Chubb, Delta, Sicli, and others
ADVANCING TECHNOLOGY
More than 1,000 of the best engineers in the industry working across 30+ design centers
75 new products launched in just the last two years – with more than 50 new product programs in development
SHARED VALUES
Goal of flawless quality and 100 percent on-time delivery
Commitment to always put the customer first
A culture of doing what we say and doing it in an honest, ethical way
Business integrity in everything we do and zero tolerance for ethical missteps
Relentless focus on workplace safety and reducing our environmental footprint.
