UTC announced today that they will buy GE Security for $1.8 billion. The full details have not yet been disclosed but this looks to be an exit price based on sales revenue of around unity. This seems like a good buy particularly considering that it cost GE Security at least $2 billion to assemble the main parts of it's business. Clearly it is not the best time for selling such a major business unit but I guess that this now gives GE the opportunity to buy something else at a bargain price, which makes a better fit with their enshrined ruling; "if you can’t make No 1 or 2 in the business then divest." So the opportunity to buy a $2 billion business has come at a good time for UTC. A number of the major competitors in the market were keen to bid but the fit was not so good for them at least […]
The vast majority of buildings are small and not very smart, and it is their small size that limits their “intelligence” by restricting their access to smart building technology. A staggering 94% of US office space is housed in properties under 50,000 square feet, according to the latest data from Energy Star, and that proportion is […]
The destructive relationship between fire and buildings is as old as the history of buildings themselves. Fire protection has been a key reason for the development of new materials, construction methods, and safety protocols since the earliest buildings and each major fire acts as a trigger for innovation and regulation. The response to the Great Fire […]
Acquisitions, partnerships and investments are playing an increasingly important role in implementing strategic goals for major stakeholders in the built environment, particularly in providing access to the range of innovative technologies being developed in the smart buildings space. We have seen a wave of investment by real estate services firms into technology solutions in 2021 with […]
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