UTC to acquire Lenel

April 2005 News

United Technologies Corporation (UTC) has announced plans to acquire Lenel Systems International, a leading security systems and software developer. The purchase is subject to regulatory clearance.

The purchase price is approximately $400 million. The transaction is expected to close in the second quarter of 2005.

United Technologies is a diversified company that provides high technology products and services to the aerospace and commercial building industries worldwide.

Lenel develops and delivers scalable, integrated security software systems and business solutions targeted at the commercial and government security market. The privately held company employs approximately 150 people and has customers in 75 countries. It will report as an independent entity to Olivier Robert, president of UTC's fire and security business, Chubb.

Robert says the acquisition of Lenel will provide access to innovative technology and market development capability in the Homeland Security and other high-end integrated segments.

"Lenel has a large end-user customer base and a strong distribution network of value-added resellers (VARs) to deliver state-of-the-art integrated solutions," he says. "This is a highly effective market channel that will continue to serve Lenel well."

Elena Prokupets, president of Lenel, says, "We are impressed with the vision and strategy demonstrated by UTC, and we believe that as part of this organisation, Lenel will continue to deliver even greater value to our employees, customers and partners."

For more information contact Phil Mailes, Lenel, 0944 148 381 5234, [email protected], www.lenel.com or Paul Jackson, UTC, 091 860 728 7912, www.utc.com





Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

Johnny Aucamp joins iPulse exco
News
Johnny Aucamp has joined iPulse Systems as its chief sales officer (CSO), adding a massive boost to the executive team.

Read more...
From the editor's desk: Security and resilience
Technews Publishing News
It’s often said that South Africans are a resilient bunch, and history has proven this correct. When it comes to security, both cyber and physical, resilience is key to an effective defensive plan. ...

Read more...
Hikvision aims for solutions
Technews Publishing Hikvision South Africa Editor's Choice CCTV, Surveillance & Remote Monitoring News Integrated Solutions Conferences & Events
Hikvision recently held a roadshow titled Industry X, where the company highlighted its latest products and solutions, supported by partners and distributors.

Read more...
Olarm launches PRO 4G communicator
Olarm News Perimeter Security, Alarms & Intruder Detection Products
Olarm has announced an additional 4G/LTE version of its Olarm PRO smart communicator. It is aimed at areas suffering from poor connectivity by providing support for 4G, 2G and Wi-Fi networks.

Read more...
ADI Expo returns to South Africa
Technews Publishing ADI Global Distribution News
September saw the return of the ADI Expo to South Africa. The Johannesburg event was held at the Focus Rooms and the Durban event, two days later, at the Southern Sun Elangeni & Maharani.

Read more...
Technoswitch Awards dinner for 2022
Technews Publishing News Fire & Safety
Technoswitch hosted its fifth awards dinner at Montecasino in September, where customers and suppliers celebrated a year of success.

Read more...
Suprema joins FiRa Consortium
Suprema News Access Control & Identity Management
Suprema recently became a member of the FiRa Consortium, a consultative body that establishes standards for ultra-wideband (UWB) technology, the next generation of wireless communication.

Read more...
Reliable, low-maintenance video appliances
Technews Publishing Editor's Choice CCTV, Surveillance & Remote Monitoring News IT infrastructure Products
Symetrix, part of the Agera Group, has added the AES range of video recording servers, storage appliances and workstations to its portfolio.

Read more...
ZYTEQ Fire Engineering Summit 2022
ZYTEQ Fire Fire & Safety News
Cape Town-based ZYTEQ Fire hosted its inaugural Engineering Summit at the Commodore Hotel in Cape Town and the Leonardo Hotel in Sandton, Johannesburg.

Read more...
Nomad launches early adopter programme
Editor's Choice News Integrated Solutions Smart Home Automation
Participants in Nomad’s Early Adopter Programme will receive 10% of their volume order to facilitate testing before the commercial launch later this year.

Read more...