GE Security - Airport Explosives Detection Systems
GE Security's homeland protection division's products defend public safety for airports, government buildings and personnel, high-risk organizations and facilities, and military organizations across the globe using cutting-edge explosives and narcotics detection and substance identification technology.
GE's diverse product line includes the non-intrusive, walk-through EntryScan 4 portal, the Itemiser (the first trace detector to simultaneously detect positive and negative ions for narcotics or explosives detection) and the handheld MobileTrace system for explosives or narcotics detection in the field. Our products directly protect the world's high-risk areas, including airports, ports, borders and military bases.
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United Technologies Corp. (NYSE:UTX) announced today it closed on its agreement to purchase the GE Security business from GE (NYSE: GE).
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GE Security - Airport Explosives Detection Systems - 01/03/2010
United Technologies closes on GE Security acquisitionUnited Technologies Corp. (NYSE:UTX) announced today it closed on its agreement to purchase the GE Security business from GE (NYSE: GE).
"This strategic acquisition enhances the scale, market reach and product offerings of our existing UTC Fire & Security business," UTC Chairman & Chief Executive Officer Louis Chênevert said. "It demonstrates our disciplined approach to acquisitions and capital redeployment that focuses on delivering shareholder value."
The GE Security business, formerly part of GE Home & Business Solutions, supplies security and life safety technologies through a broad product portfolio for commercial and residential applications.
UTC first announced its agreement to acquire the GE Security business in November 2009. The business now becomes part of UTC Fire & Security, which provides fire safety and security solutions to more than 1 million customers worldwide. Based in Hartford, Connecticut, UTC is a diversified company that provides high technology products and services to the building systems and aerospace industries.For more information, please visit www.1utcfs.com
Contact: John Moran860-728-7062