United Technologies to Buy GE Security

United Technologies Corp. (UTC) has signed a definitive agreement to purchase the GE Security business from General Electric (GE) for $1.82 billion. The deal has been approved by the boards of both companies, but closing depends on regulatory approvals.

GE Security, which includes the fire detection systems operations that were once Edwards Systems Technology, purchased from SPX Corp. in 2005, supplies security and life safety technologies for commercial and residential applications t

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