 AUCKLAND, Dec. 1/Medianet International-AsiaNet/ --
UTC Fire & Security has announced that it has sold its New
Zealand manned guarding and mobile patrol businesses to ISS Holdings NZ
Limited.
The company first announced its intention to divest these
businesses last year. This agreement follows the recent sale of Chubb's
guarding and patrol businesses in Australia. Financial details of the
transaction were not disclosed. UTC Fire & Security is a unit of
United Technologies Corporation (NYSE:UTX).
The sale is part of UTC Fire & Security's strategy of focusing
on the technology orientated products and services it offers to
customers in key geographies. UTC Fire & Security will continue to
offer electronic security solutions in New Zealand through Chubb
Electronic Security and Chubb Home Security; transport customer
valuables throughout New Zealand through its cash logistics business
Chubb Security Services; provide a full range of fire detection,
suppression, hvac and fire fighting products and services through its
Chubb Fire and Services business; and provide Lock and Safe hardware
and service products and commercial and residential alarm monitoring
services and specialised monitoring services for Home Detention and EM
Bail through Chubb Asset Security.
UTC Fire & Security is a global provider of fire safety and
security solutions serving more than one million customers worldwide.
United Technologies Corp., based in Hartford, Conn., is a diversified
company providing high technology products and services to the building
and aerospace industries worldwide. For more information visit
www.utcfireandsecurity.com.
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