Friday, March 30, 2007

UTC to buy Rentokil security unit for $1.2 bln

(Reuters) - United Technologies Corp. , which makes products ranging from Pratt & Whitney jet engines to Otis elevators, said the deal would boost UTC Fire & Security protection services.

"This acquisition builds UTC's scale and capability in the electronic security business which we regard as attractive in national markets where we have significant presence," UTC Chairman and Chief Executive Officer George David said.


Read more at Reuters.com Business News

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