UTC and Chubb Talk Takeover


Discussions reportedly have heated up again between United
Technologies Corp. (UTC) and Chubb PLC, a British security
firm that provides electronic security, fire protection,
guards and hotel locks. According to Knight Ridder/Tribune
Business News, the two companies are closer to an
agreement, whereby UTC would purchase Chubb.

According to Jack Mallon, managing director of Mallon
Capital, “It would bring another new giant corporate player
into the U.S. security scene.” He added that acquiring
Chubb would not make UTC a major force in the U.S. security
business overnight, but could give the conglomerate a
platform to build on as ADT, a unit of Tyco Int’l,
overcomes accounting problems, increased costs and high
disconnection rates.

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.

A FREE subscription to the top resource for security and integration industry will prove to be invaluable.

Subscribe Today!

Get Our Newsletters