United Technologies, who HAS had its GB pound 620 million deal to buy security company Chubb plc accepted, is set to take a “long, hard look” at the company’s manned security business over the next couple of months.
With 155,000 employees, United is ranked the 149th largest corporation in the world by Fortune Magazine. The company’s chief financial officer Steven Page told specialist manned security web site infologue.com that chairman George Davis will consider a number of recommendations on Chubb’s manned security business, which trades as Chubb Security Personnel in the UK.
There has been much uncertainty over Chubb Security Personnel’s manned security operation for some time now, with Securitas showing interest in a takeover before pulling out of the deal after the two companies failed to agree terms.
United now takes on the entire Chubb empire, encompassing its electronic security and fire protection products and services divisions.
Chubb’s total revenues for 2002 stood at GB pound 1.5 billion.
