Interlogix to wind down Canadian, U.S. businesses
According to a Friday statement from Interlogix, the company plans to wind down its Canadian and U.S. operations this year.
The company statement reads:
After a thorough portfolio review of our security business, we have communicated our plans to wind down our Interlogix U.S. and Canada businesses. This decision will allow us to focus on the significant growth opportunities for our other fire and security businesses, including LenelS2.
Our products will be manufactured and orders fulfilled through 2019, and will be available for purchase from our distributors and dealers during a well-coordinated transition period.
We will continue to provide customer support related to product technical services, timely fulfillment and comprehensive product warranty into 2020 and beyond. Dealers can continue to purchase, install, register, and service Interlogix products with complete confidence.
Interlogix is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (UTC). Parent organization UTC has put the wheels in motion for major organizational change. In November 2018, UTC announced its intent to split into three companies: United Technologies, comprising Collins Aerospace Systems and Pratt & Whitney; Otis, a manufacturer of elevators, escalators and moving walkways; and Carrier, a provider of HVAC, refrigeration, building automation, fire safety and security products. The latter two will be spun-off from the organization as separate companies.
In June 2019, United Technologies announced its plans to merge with defence contractor Raytheon, forming Raytheon Technologies Corporation. That deal is expected to close in 2020, following the completion of UTC’s portfolio separation.
Earlier this month, Carrier announced the appointment of CFO Timothy McLevish, effective Oct. 1. McLevish is tasked with helping Carrier chart its future following its split from United Technologies as a separate public company.