The month of November was dominated by stories featuring two industry behemoths — UTC and Honeywell.
Back in September, it was reported that UTC was considering a sale of its Chubb Fire & Security division. This past month, anonymous sources told Bloomberg that the industrial conglomerate received offers from both Apax Partners and PAI Partners, as well as a joint bid from Eurazeo SE and Rhone Capital.
UTC made waves again at the end of the month when it announced it will spin off its Otis elevator division and Carrier building systems business to focus solely on aviation.
Following the portfolio separation, UTC will operate as a leading aerospace company comprised of Collins Aerospace Systems and Pratt & Whitney businesses, according to the company.
Honeywell’s Resideo spin-off has been gaining attention as of late, first for trading on the stock market, and then being highlighted at Honeywell’s Connect 2018 dealer and integrator convention.
Other popular security stories on SSI from the month of November include smart home market strategies, top IoT solutions, a holiday gift guide and much more.
To read more about these stories and to see what else piqued readers’ interest, view the slideshow.
