General Electric is looking to sell its Security Division, which makes video surveillance equipment and alarms. The liquidation could net GE around $2 Billion, according to Bloomberg.
Possible buyers for the division could include Tyco International, and United Technologies, two companies who also produce security equipment.
Earlier this year GE sold an 81% stake in its Homeland Protection unit, which makes surveillance for airports and is part of the Security Division, to Safron SA for $580 million.
Thu, Aug 27, 2009
Video Surveillance