United Technologies Buys GE’s Security Unit For $1.8B

Law360, New York (November 12, 2009, 3:55 PM EST) -- United Technologies Corp. said Thursday it had snapped up General Electric Co.’s fire detection and electronic security unit for $1.82 billion.

The Bradenton, Fla.-based unit, GE Security, is part of GE Technology Infrastructure and will add to UTC’s fire and securities businesses in North America, UTC said.

Hartford, Conn.-based UTC’s own unit, UTC Fire & Security, already provides high technology products and services to the building and aerospace industries worldwide.

GE Security supplies security and life safety technologies through commercial and residential products that include fire...
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