Tag: UTC
UTC to split into three separate companies
November 29, 2018SSN Staff
FARMINGTON, Conn.—UTC this week announced that it will be separating its business into three different companies: United Technologies, which will be comprised of the company's aerospace business; Carrier, which will be the new name for the Climate, Controls and Security business; and Otis Elevator Company."Our decision to separate United Technologies is a pivotal moment in our history and will best position each independent company to drive sustained growth, lead its industry in innovation...
UTC finalizes S2 Security deal, combines S2 and Lenel
October 3, 2018Spencer Ives
PALM BEACH GARDENS, Fla.—UTC Climate, Controls & Security has completed its recently announced purchase of S2 Security, and will combine the newly acquired company with Lenel, creating LenelS2. Terms of the deal were not disclosed.
LenelS2 will provide scalable, customer solutions in the access control and security management systems industry, serving global enterprises to small- and mid-sized companies, the announcement said. The business is part of UTC Climate, Controls & Security, a unit...
UTC Climate, Controls & Security agrees to buy S2 Security
September 26, 2018SSN Staff
PALM BEACH GARDENS, Fla.—UTC Climate, Controls & Security has agreed to acquire S2 Security, a developer of unified security and video management solutions. UTC Climate, Controls & Security provides fire safety, security, building automation, heating, ventilating, air conditioning and refrigeration systems, and is a unit of United Technologies Corp.“This move is well aligned with our strategic focus to grow our core business and increase innovation,” Alex Housten, VP & general manager,...
Honeywell and UTC?
February 24, 2016Martha Entwistle
Honeywell is reportedly shopping its Building Solutions Group, according to a report today in the Wall Street Journal. The Honeywell Building Solutions business, which the WSJ says is worth between $3 billion and $4 billion, provides security systems integration and other services to commercial buildings globally.
It is a separate business unit from Honeywell Security and Fire (HSF), but they are both part of the Automation and Control Solutions unit. Alex Ismail is the president and CEO of the...
Will UTC buy Nortek?
August 26, 2015Martha Entwistle
Will UTC buy Nortek?
The Wall Street Journal, citing unnamed sources, says it's in talks to do so for around $1.2 billion. I talked to some folks in the past few days who say the purchase, which may not make sense on the surface may indeed make sense. Other financial reports, such as the Motley Fool, concur.
Nortek is the parent company of well known access control, security and automation brands Linear, 2GIG and Go!Control. Those brands fall under the Nortek Security and Control division. It's ...
The biggest and the newest at ISC West
March 18, 2015Spencer Ives
LAS VEGAS—At the 2015 ISC West show, exhibitors put a lot of thought into their booths—rather literally with Hikvision's “Thought Theater”—and some companies, like IDIS, are using big booths at ISC West to introduce themselves to the industry.
IDIS, a global manufacturer, is setting up a 2,800 square-foot booth—one of the top 10 biggest booths at the show this year—as a first time exhibitor. This booth heralds IDIS' entrance into the U.S. market,...
Guardian increases tech efficiency with mobile app
May 14, 2014Tess Nacelewicz
WARRENDALE, Pa.—A new mobile app that Guardian Protection Services' technicians are using has dramatically streamlined their work schedules, giving them more time to devote to customers, according to Randy Tecza, Guardian VP of operations.“It's a huge step forward for our whole organization,” Tecza told Security Systems News. He said that Guardian, which is one of the nation's largest privately-held security companies, with 11 offices around the country, has gained 4 percent in...
Emergency messaging explained
May 13, 2014Tess Nacelewicz
QUINCY, Mass.—Emergency communication systems (ECS) were developed because a fire alarm alone is not always sufficient to tell building occupants what to do in case of an emergency. But what exactly should an ECS message say? There have been no guidelines for that—until now.The Fire Protection Research Foundation in April announced the release of such guidelines. They are designed to help system designers, building managers and emergency personnel create and disseminate the most effective...
Once IR spins off security division, will others follow?
June 12, 2013Martha Entwistle
Once IR spins off its security division, will others follow? Poking around some investor conference info recently, I came across this tidbit on Seeking Alpha
“Stanley Black & Decker Chairman John Lundgren made an interesting revelation during his chat at the Electrical Products Group Conference yesterday. [The conference took place in late May]. The exec says the company will keep an eye on the spinoff from Ingersoll Rand of its security business to see if a similar move would make sense for...
Day 3 and done ISCWest 2013
April 15, 2013Martha Entwistle
On Friday, April 12, Day 3 of ISC West, many were already heading to McCarren, but I was heading back to the show floor. And this year, though the crowd had thinned considerably, so were a lot of other folks.
Very decent crowd for Friday of ISC West.
While I had early rallies on Tuesday, Wednesday and Thursday, I didn't have any official appointments until 10 a.m. on Friday. My first was with IMS/IHS's Niall Jenkins. We caught up on a few things including plans for TechSec 2014. Yes,...