FARMINGTON, Conn.,–UTC Fire & Security, a unit of United
Technologies Corp. (NYSE:UTX), has acquired a majority of the shares of Simtronics
ASA (OSE: SIMTRO), a Norway-based provider of sophisticated 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 of 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,”
stated 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
相信,此次收购将提供一个吃晚饭erior platform for Simtronics’
continued global growth. Our organization remains committed to supplying highquality
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. Simtronics’ flame
and gas detectors represent some of the most accurate, reliable and robust safety
technologies available. Simtronics’ 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. Simtronics is well established in Europe, the Middle East
and Asia.
About UTC Fire and Security
UTC Fire & Security provides fire safety and security solutions to more than 1 million
customers worldwide. Headquartered in Connecticut, U.S., UTC Fire & Security is a
business unit of United Technologies Corp. (NYSE: UTX), which provides high
technology products and services to the building and aerospace industries
worldwide.
More information can be found atwww.utcfireandsecurity.com
