According to Bloomberg, the GE security division may be purchased by UTC for at least $1.8B. There has been much speculation over who would be willing and able to acquire GE Security and certainly UTC has been one of the few contenders.
Archive for the ‘News’ Category
Bosch has plans to enhance its security product offering by purchasing Extreme CCTV of Canada. Extreme CCTV has been a pioneer for video surveillance in low-light applications with their infrared technology and also found a strong niche with their license plate cameras. According to Reuters, the acquisition is set for approximately $92 million USD. Read the rest of this entry »
HES has released an electric strike that does not require any cutting of the door frame. The HES 5900 series concealed electric strike is demonstrated to be installed in 3 minutes! Check out the video for yourself here.
Panasonic has decided to certify resellers through their I-Pro Certified Reseller Program. They will still go through distribution channels, but any reseller must be an I-Pro Certified Reseller in order to purchase any I-Pro products.
On November 13, 2007, Tyco International announced the acquisition of Trident Tek, Inc, a video management solutions developer from Germantown, MD. Read the rest of this entry »
On October 17th, 2007, Schneider Electric purchased all shares of Pelco for $1.54 billion. Pelco was largely considered the last great American manufacturing company in the security industry with an unbeatable reputation for customer service and quality products in the CCTV industry. Read the rest of this entry »