Tag: Honeywell drops UTC bid
Honeywell drops UTC bid, buys Videofied for $123 million
March 1, 2016Martha Entwistle
MELVILLE, N.Y.—In two separate announcements Honeywell today said it is no longer pursuing a merger with UTC, and it also said it has purchased video verification provider Videofied (RSI Video Technologies) for $123 million.Founded in 2000, RSI is based in Strasbourg, France, and Minnesota. Videofield has more than 1 million systems installed worldwide, and 110 employees in France and the U.S., according to Honeywell.RSI provides wireless battery-powered motion detectors with built-in cameras...
