M&A Deal Summary

RTX Acquires GE Security

On November 12, 2009, RTX acquired safety/security company GE Security from General Electric for 1.8B USD

Acquisition Highlights
  • This is RTX’s 5th transaction in the Safety/Security sector.
  • This is RTX’s 5th largest (disclosed) transaction.
  • This is RTX’s 11th transaction in the United States.
  • This is RTX’s 3rd transaction in Florida.

M&A Deal Summary
Date 2009-11-12
Target GE Security
Sector Safety/Security
Buyer(s) RTX
Sellers(s) General Electric
Deal Type Divestiture
Deal Value 1.8B USD

Target

GE Security

Bradenton, Florida, United States
GE Security helps secure and protect commercial, residential, industrial, and government properties.

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Buyer(S) 1

Buyer

RTX

Arlington, Virginia, United States
Category Company
Founded 1934
Sector Diversified
Employees185,000
Revenue 68.9B USD (2023)
DESCRIPTION

RTX is a diversified producer of high technology products and services to the building systems and aerospace industries worldwide. The Company's business segments include Pratt & Whitney, UTC Aerospace Systems, and Raytheon which serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets. Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries. RTX was founded in 1934 and is based in Arlington, Virginia.

DEAL STATS #
Overall 14 of 21
Sector (Safety/Security) 5 of 5
Type (Divestiture) 3 of 3
State (Florida) 3 of 3
Country (United States) 11 of 18
Year (2009) 1 of 2
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-30 Rentokil Initial - Initial Electronic Security Group

United Kingdom

Rentokil Initial - Initial Electronic Security Group sells integrated security systems, intrusion detection, CCTV, access control, and security software. Business has operations in the U.K., Netherlands, France, and the U.S. and employs 3,400 people in more than 100 branch locations.

Buy £595M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-09 Clipper Windpower

Cedar Rapids, Iowa, United States

Clipper Windpower is a wind energy technology, turbine manufacturing and wind project development company. Clipper Windpower was founded in 2001 and is based in Cedar Rapids, Iowa.

Buy -

Seller(S) 1

SELLER

General Electric

Boston, Massachusetts, United States
Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 67.6B USD (2023)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 18 of 45
Sector (Safety/Security) 2 of 3
Type (Divestiture) 15 of 38
State (Florida) 1 of 1
Country (United States) 14 of 35
Year (2009) 3 of 3
Size (of disclosed) 7 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-24 GE Homeland Protection - General Electric

United States

GE Homeland Protection provides equipment and services to protect airports, ports, borders and critical infrastructures, for Government, military and commercial customers.

Sell $580M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-03 NBC Universal

New York, New York, United States

NBCUniversal owns and operates a portfolio of news and entertainment television networks, a motion picture company, television production operations, a leading television stations group, theme parks, and a suite of Internet-based businesses.

Buy -
Mergr

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