UTC buys GE Security
For $1.8 billion, Fairfield-based General Electric Co. is selling its security products division to United Technologies Corp., which will add the unit to its UTC Fire & Security division.
GE Security is based in Bradenton, Fla., and sells a wide range of security and safety systems, from home fire alarms to scanners for use at airports and ports. The unit employs 4,700 people in 26 countries.
Farmington-based UTC Fire & Security brands include Chubb, Kidde, and Lenel.