History
UTC entered the fire and security industry in July 2003 with the acquisition of Chubb. In April 2005, they expanded their presence with the acquisition of Kidde, and the business unit was renamed UTC Fire & Security. Later that year they acquired Lenel Systems International for $440M and Initial Fire and Security for £585M. In March 2010, UTC announced the acquisition of GE Security for $1.8B which was integrated under the Interlogix brand. On September 28, 2011, UTC announced Fire & Security would be merged with the Carrier division and renamed UTC Climate, Controls and Security Systems.
Read more about this topic: UTC Fire & Security
Famous quotes containing the word history:
“To history therefore I must refer for answer, in which it would be an unhappy passage indeed, which should shew by what fatal indulgence of subordinate views and passions, a contest for an atom had defeated well founded prospects of giving liberty to half the globe.”
—Thomas Jefferson (1743–1826)