UTC on Thursday announced that is has agreed to acquire unified security, access control video management solutions provider S2 Security.
"This move is well aligned with our strategic focus to grow our core business and increase innovation," Alex Housten, VP & General Manager, Fire & Security Products, a part of UTC Climate, Controls & Security, said in a statement. "We look forward to providing enhanced service capabilities and offerings for our customers, and accelerating our access control and video-centric solutions for intelligent buildings across the globe."
John Moss, Founder and Chief Executive Officer, S2 Security said: "Considering the complementary customer bases and product portfolios of our two companies, this is a natural step that will benefit our customers, employees, and channel partners."
The acquisition is subject to customary closing conditions and regulatory approvals.
A spokesperson for UTC declined to provide any additional comments on the acquisition when reached by phone on Thursday.
