PALM BEACH GARDENS, Fla.,
Sept. 20, 2018 /PRNewswire/ -- UTC
Climate, Controls & Security has agreed to acquire S2 Security,
a leading developer of unified security and video management
solutions. UTC Climate, Controls & Security is a leading
provider of fire safety, security, building automation, heating,
ventilating, air conditioning (HVAC) and refrigeration systems, and
is a unit of United Technologies Corp. (NYSE:UTX).
"This move is well aligned with our strategic focus to grow our
core business and increase innovation," said Alex Housten, VP & General Manager, Fire
& Security Products, a part of UTC Climate, Controls &
Security. "We look forward to providing enhanced service
capabilities and offerings for our customers, and accelerating our
access control and video-centric solutions for intelligent
buildings across the globe."
John Moss, Founder and Chief
Executive Officer, S2 Security said, "Considering the complementary
customer bases and product portfolios of our two companies, this is
a natural step that will benefit our customers, employees, and
channel partners."
The acquisition is subject to customary closing conditions and
regulatory approvals.
About UTC Climate, Controls & Security
UTC
Climate, Controls & Security is a leading provider of heating,
ventilating, air conditioning and refrigeration systems, building
controls and automation, and fire and security systems leading to
safer, smarter, sustainable and high-performance buildings. UTC
Climate, Controls & Security is a unit of United Technologies
Corp., a leading provider to the aerospace and building systems
industries worldwide. For more information, visit www.ccs.utc.com
or follow @UTC_CCS on Twitter.
About S2 Security
S2 Security is the leading
developer of complete enterprise physical security solutions,
including access control, video surveillance, event monitoring,
digital signage, live Internet sourced real-time data and
information feeds, mobile applications and cloud-based services.
For more information, visit www.s2sys.com.
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SOURCE UTC Climate, Controls & Security; S2 Security