UTC Fire & Security (UTCFS) has completed the acquisition of GE Security, demonstrating the continued commitment of its parent company United Technologies Corporation (UTC) to investing in the global fire and security industry.
The GE Security company will do business in Sub-Sahara Africa as UTC Fire & Security South Africa, and has licensed the rights to use the GE mark on products for varying periods of time – at least three years and for a few product lines up to 10 years. Additionally, UTC Fire & Security recognises that GE Security has terrific brands in its portfolio – EST, Vigilant, Aritech, Ziton, Kilsen, FireworX, TruVision, Casi Rusco, Supra, among others – and intends to preserve and enhance their value in the marketplace.
Since 2003 and with the addition of GE Security, UTC has invested nearly $9 billion in building a strong position in an industry with attractive fundamentals and significant long-term growth prospects. UTC Fire & Security’s goal is to be a distinguished leader in this industry and will continue to invest accordingly.
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