The value of transactions this month is the highest ever recorded for a single month during the last three years, with two purchases each being over a billion dollars. Acquisition transactions in September were 25% up on the same period in 2009, which incidentally was the highest number recorded in that year. Consolidation activity for the first nine months of this year far exceeds the same period in 2009 and 2010 looks like setting a new record; for most of the majors including Honeywell, Schneider,Siemens, Johnson Controls, Bosch and UTC have yet to seal a deal this year. We expect that the pace of consolidation experienced in the third quarter will continue into the last quarter of 2010. UTC have made it publicly known that they intend to grow through acquisition and it is now almost a year since their mega purchase of GE’s Fire & Security Division. They are strongest in Fire Detection & […]