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:
“We may pretend that we’re basically moral people who make mistakes, but the whole of history proves otherwise.”
—Terry Hands (b. 1941)
“Three million of such stones would be needed before the work was done. Three million stones of an average weight of 5,000 pounds, every stone cut precisely to fit into its destined place in the great pyramid. From the quarries they pulled the stones across the desert to the banks of the Nile. Never in the history of the world had so great a task been performed. Their faith gave them strength, and their joy gave them song.”
—William Faulkner (1897–1962)
“The history of any nation follows an undulatory course. In the trough of the wave we find more or less complete anarchy; but the crest is not more or less complete Utopia, but only, at best, a tolerably humane, partially free and fairly just society that invariably carries within itself the seeds of its own decadence.”
—Aldous Huxley (1894–1963)