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Article: United States : United Technologies Said to Lead Bidding for GE Security Unit.
- Article from:
- TendersInfo
- Article date:
- October 28, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mamta03
United Technologies Corp. has emerged as the frontrunner in the bidding for General Electric Co. s fire alarm and surveillance systems unit, said a person familiar with the matter.
GE put the unit up for sale earlier this year and is still talking to more than one bidder, said the person, who didn t want to be named because talks are private. United Technologies, the maker of Otis elevators and Carrier air conditioners, would get more dealers and new customers from the purchase.
A deal would bolster United Technologies Chief Executive Officer Louis Chenevert s strategy of offering service contracts for equipment and systems in ...