UTC Fire & Security Acquires Norway's Simtronics ASA -- Security Today

UTC Fire & Security Acquires Norway's Simtronics ASA

May 03, 2011

UTC Fire & Security, a unit of United Technologies Corp., has acquired a majority of the shares of Simtronics ASA, a Norway-based provider of gas and flame detection systems, extinguishing solutions and fire prevention systems for marine and off-shore industries.

UTC Fire & Security purchased more than 85 percent of the outstanding shares of Simtronics through its subsidiary Autronica Fire and Security AS. Autronica plans to initiate a compulsory acquisition of the remaining shares and delist Simtronics from the Oslo Stock Exchange. The full acquisition and delisting is expected to be completed in the second quarter 2011.

"This is an important strategic acquisition for UTC Fire & Security. We will be expanding our offering of high quality gas and flame detection products, as well as increasing our ability to provide gaseous suppression solutions for our customers," said Scott Buckhout, president, UTC Fire & Security.

Simtronics Chairman, John Afseth noted, "I am pleased with this transaction. UTC Fire & Security will enable Simtronics to expand to even further horizons, bringing the Simtronics brand and knowledge to more customers around the world."

Rune Martini, CEO, Simtronics added, "By implementing UTC Fire & Security's global expertise, capabilities and network throughout our business operations, I am confident that this acquisition will provide a superior platform for Simtronics' continued global growth. Our organization remains committed to supplying high-quality solutions to our customers, which satisfy their fire protection needs."

Founded in 1948, Simtronics is an international supplier of fire and gas safety systems, active fire fighting solutions and fire prevention systems. Its products, solutions and systems are used by the oil and gas industry as well as in shipping, petrochemical and other process industries and in mining. The company is well established in Europe, the Middle East and Asia.

Featured

Why the Future of Video Security Is Happening Outside the Cloud

For years, the cloud has captivated the physical security industry. And for good reasons. Remote access, elastic scalability and simplified maintenance reshaped how we think about deploying and managing systems. Read Now
- Video Surveillance
UL Solutions Launches Artificial Intelligence Safety Certification Services

UL Solutions Inc., a global leader in safety science, today announced the launch of artificial intelligence (AI) safety certification services, enabling comprehensive assessments for evaluating the safety of AI-powered products. Read Now
- Artificial Intelligence
ESA Announces Initiative to Introduce the SECURE Act in State Legislatures

The Electronic Security Association (ESA), the national voice for the electronic security and life safety industry, has announced plans to introduce the SECURE Act in state legislatures across the country beginning in 2025. The proposal, known as Safeguarding Election Candidates Using Reasonable Expenditures, provides a clear framework that allows candidates and elected officials to use campaign funds for professional security services. Read Now
- Guard Services
Ransomware Attacks Rise for the First Time in Six Months

Ransomware attacks have risen for the first time in six months, increasing by 28% month-on-month to 421 attacks. While overall attack volume remained below 500, the uptick may signal a renewed escalation heading into the year’s most active period for cyber criminals. Read Now
- Cybersecurity
Report: 47 Percent of Security Service Providers Are Not Yet Using AI or Automation Tools

Trackforce, a provider of security workforce management platforms, today announced the launch of its 2025 Physical Security Operations Benchmark Report, an industry-first study that benchmarks both private security service providers and corporate security teams side by side. Based on a survey of over 300 security professionals across the globe, the report provides a comprehensive look at the state of physical security operations. Read Now
- Guard Services

Security Today eNews

Sign up today for essential industry news and product information that can help you stay afloat in the fast-paced world of security.

Email Address*Country*

Please type the letters/numbers you see above.

Webinars

Whitepapers

New Products

Automatic Systems V07

Automatic Systems, an industry-leading manufacturer of pedestrian and vehicle secure entrance control access systems, is pleased to announce the release of its groundbreaking V07 software. The V07 software update is designed specifically to address cybersecurity concerns and will ensure the integrity and confidentiality of Automatic Systems applications. With the new V07 software, updates will be delivered by means of an encrypted file.
AC Nio

Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions.
EasyGate SPT SPD

Security solutions do not have to be ordinary, let alone unattractive. Having renewed their best-selling speed gates, Cominfo has once again demonstrated their Art of Security philosophy in practice — and confirmed their position as an industry-leading manufacturers of premium speed gates and turnstiles.