United Technologies says it has closed a deal to acquire GE Security, the parent company of Supra electronic KeyBoxes and ActiveKEY wireless lockbox keys for real estate professionals.

United Technologies announced the $1.82 billion deal to acquire General Electric Co.’s GE Security division in November.

GE Security becomes part of UTC Fire & Security, which provides fire safety and security solutions to more than 1 million customers worldwide, United Technologies said in a press release.

In a blog post, Matt Cohen of Clareity Consulting said UTC is likely to allow decision-making to remain "at the Supra level — in the hands of people who really know what their customers want."

According to the information about Supra products on the GE Security Web page, the company’s electronic KeyBoxes are used on more than 2.3 million homes nationwide.

***

What’s your opinion? Leave your comments below or send a letter to the editor.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription