Security

Never Mind the Security, Feel the Fire

Back in April this year we placed GE Fire & Security on our list of the top 50 potential acquisition prospects for 2009. This followed the decision that month for the sale of 81 percent of its Homeland Protection business to Safran, a French company known mainly in the security industry for its Sagem Securite business, for $580. At the time GE Security CEO and president Dean Seavers said the deal would allow GE Security to focus on its "core business": intrusion, access, video and transmission, key control, and fire and communications. However many watchers in the industry including Memoori had already decided that it would not be long before the remaining parts of the security operation would be up for sale. So the announcement last Thursday by Bloomberg News that GE Security is for sale, having hired JPMorgan Chase to find a buyer, was no surprise even to those without a crystal ball. So […]

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