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EU Approves United Technology Acquisition of GE Security Unit

Feb. 22, 2010
The European Union has approved the acquisition of General Electric's security business by United Technologies. The deal, estimated at $1.82 billion, was announced back in November and is part of a larger restructuring at GE. The deal includes Edwards ...

The European Union has approved the acquisition of General Electric's security business by United Technologies. The deal, estimated at $1.82 billion, was announced back in November and is part of a larger restructuring at GE. The deal includes Edwards System Technology, a maker of fire detection equipment, which GE bought from SPX in 2004.