Honeywell International unveiled a corporate makeover today that will tie its growth more strongly to aerospace technology and spin off other businesses as two publicly-traded companies by the end of 2018. This move is the result of its comprehensive portfolio review, including its intention to separately spin off its Homes product portfolio and ADI global distribution business, as well as its Transportation Systems business, into two stand-alone, publicly-traded companies.
Canon, world-leader in imaging solutions, announced a new Video Cloud IoT as a Service business based in California called ARCUS Global Inc. Owned by Canon Europe and built on the intellectual property, technology and expertise of Canon Group company, Milestone Systems, ARCUS Global Inc. will address the significant unmet global market demand from large enterprises for Video Cloud IoT as a Service for security and business optimisation. ARCUS Global, Inc., is a spin-off from Milestone Systems and is headquartered in California.
Source: Allegion | Date: 12/10/2013 Related tags: New York , Allegion Allegion PLC, a global provider of security products and solutions, rang The Opening Bell at the New York Stock Exchange. Allegion began trading on the public equity markets, following the spinoff from Ingersoll Rand. Allegion CEO, President and Chairman, Dave Petratis, joined by his executive leadership team on the podium for the ceremony. Additional members of the company’s management, employees and guests were also present for the celebration. “Becoming a standalone company is a pivotal moment in Allegion’s history,” said Petratis. “We have been pioneers in developing products that help keep people safe and secure around the world for centuries. We look forward to continuing that legacy as a publicly-traded company while we expand our core capabilities beyond the doorway to include more fully integrated security solutions.” Allegion provides mechanical and electronic security products and solutions for homes and businesses in more than 120 countries. It sells products under 23 global brands including CISA, Interflex, LCN, Schlage and Von Duprin. Allegion specializes in security around the doorway and beyond – from residential and commercial locks, door closers and panic release bars, to access control systems and workforce productivity systems.