GE Completes Acquisition of Edwards Systems Technology
WILTON, Conn.
GE’s security business has announced it has completed its acquisition of fire detection systems manufacturer Edwards Systems Technology (EST). GE Infrastructure has spent $1.4 billion to acquire EST, which will become part of GE Infrastructure, Security’s Engineered Systems business.
“Acquiring Edwards positions us as a leader in the $5 billion fire detection and life safety segment,” said GE Infrastructure President and CEO Bill Woodburn in a statement. “By combining Edwards’ technology and channel strength with the broader security offering of GE, we can now offer an integrated facility management solution.”
GE announced it was acquiring Edwards on Nov. 15. At the time, GE Infrastructure, Security President and CEO Ken Boyda told SSI the EST acquisition was a “significant filling in of a gap” in the integration market for his company.
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