 | |
| Type | Subsidiary |
|---|---|
| Industry | Asset Protection, Life Safety |
| Founded | 1818 |
| Founder |
|
| Headquarters | Blackburn, UK |
Area served | |
Key people | Andrew White, CEO Brendan McNulty, VP Europe KT Yiu, VP Asia Pacific |
Number of employees | 12,000+ (2023) |
| Parent | APi Group Inc. |
| Subsidiaries | Security Monitoring Centre |
| Website | www.chubbfs.com |
Chubb Fire & Security is a global organization specialised in fire protection and security systems, and is a subsidiary of APi Group Corporation.
The company was founded by Charles and Jeremiah Chubb, who patented their Chubb detector lock in 1818. The company won a government competition for a lock which could not be opened other than by its own key. [1]
In 1835, the company produced its first Chubb safe at its factory in Wolverhampton, UK and, in the second half of the 19th century, the company expanded into the United States, and produced a time lock that was fitted to bank vaults across the country. [2] In the 1800s, Chubb gained some important customers such as the Duke of Wellington and the Bank of England. [3]
Over the next one hundred years, the company turned out more than 2.5m locks. [2] By the 1940s, Chubb expanded its operations in 17 countries. From being a single company manufacturing specialized security products it turned into a broad-based group of companies covering not only many aspects of security but fire protection as well. [4]
The company went on to acquire a number of rival firms including Chatwood-Milner Ltd. (1958), Burgot Alarms Ltd and Rely-a-Bell (1962), Read and Campbell Limited (1964), Josiah Parkes and Sons Ltd. (1965) and The Pyrene Company Limited (1967). [5] It was bought by Racal Electronics in August 1984, from which it was demerged in September 1992, before being acquired by Williams Holdings in February 1997. [6] as the latter company sought to build a security-focused conglomerate. Chubb was again demerged in July 2000. [2]
In August 2000, Chubb sold Chubb Locks, its lock and safe making unit, to Assa Abloy, and concentrated on security systems such as door access and CCTV systems. [7] In May 2002, Chubb held intensive acquisitions talks with Sweden-based Securitas AB, the world's biggest security services business. After 18 months of negotiations, [8] the talks were called off on the grounds that the deal would not be "financially attractive" to either company's shareholders. [9]
In Australia, Chubb Security bought MSS Security in 1996, [10] but then sold it to SIS Limited in 2008. [11] [12]
In April 2003, Chubb was acquired for £622m by United Technologies Corporation. [13] In March 2007, UTC bought Initial Fire and Security, the security arm of Rentokil Initial and proceeded to merge the business and its assets with Chubb in UTC Climate, Controls & Security. In December 2013, Chubb's Australian cash in transit business was sold to Prosegur. [14]
In 2020, Chubb was spun off with the rest of UTC Climate, Controls & Security into a separate company, Carrier Global.
On 3 January 2022 it was announced that Carrier Global had sold the business to APi Group for US$ 3.1 billion. [15]
Securitas AB is a security services, monitoring, consulting and investigation group, based in Stockholm, Sweden. The group has over 300,000 employees in 53 countries worldwide. Securitas AB is listed at Nasdaq OMX Stockholm, Large Cap segment.
Diebold Nixdorf is an American multinational financial and retail technology company that specializes in the sale, manufacture, installation and service of self-service transaction systems, point-of-sale terminals, physical security products, and software and related services for global financial, retail, and commercial markets. Currently Diebold Nixdorf is headquartered in the Akron-Canton area with a presence in around 130 countries, and the company employs approximately 23,000 people. Founded in 1859 in Cincinnati, Ohio as the Diebold Bahmann Safe Company, the company eventually changed its name to Diebold Safe & Lock Company. In 1921, Diebold Safe & Lock Company sold the world's largest commercial bank vault to Detroit National Bank. Diebold has since branched into diverse markets, and is currently the largest provider of ATMs in the United States. Diebold Nixdorf was founded when Diebold Inc. acquired Germany's Wincor Nixdorf in 2016. It is estimated that Wincor Nixdorf controls about 35 percent of the global ATM market.
Assa Abloy AB is a Swedish conglomerate whose offerings include products and services related to locks, doors, gates, and entrance automation. Related products and services include controlling access and confirming identities with keys, cards, tags, mobile, and biometric identity verification systems.
United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building automation, and industrial products, among others. UTC was also a large military contractor, getting about 10% of its revenue from the U.S. government. Gregory J. Hayes was the CEO and chairman.
Racal Electronics plc was a British electronics company that was founded in 1950.
Stanley Black & Decker, Inc., formerly known as The Stanley Works, is a Fortune 500 American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.
Tabcorp is Australia's largest gambling company, employing more than 5,000 people. It is the largest provider of wagering and gaming products and services in Australia. Tabcorp is listed on the Australian Securities Exchange (ASX).
Chubb Limited is an American company incorporated in Zürich, Switzerland. It is the parent company of Chubb, a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and the largest publicly traded property and casualty company in the world. Chubb operates in 55 countries and territories and in the Lloyd's insurance market in London. Clients of Chubb consist of multinational corporations and local businesses, individuals, and insurers seeking reinsurance coverage. Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance.
UTC Climate, Controls & Security was a global provider of building technologies offering fire safety, security, building automation, heating, ventilating, air-conditioning, and refrigeration systems and services. A wholly owned subsidiary of United Technologies Corporation, UTC Climate, Controls & Security was a $16.7 billion company with 55,000 employees serving customers in more than 180 countries.
Chubb Locks is a former brand name of the Mul-T-Lock subsidiary of the Assa Abloy Group, which manufactures locking systems for residential, secure confinement and commercial applications.
Kidde is a brand subsidiary of Carrier Global that manufactures and distributes fire detection and suppression equipment, as well as smoke and CO alarm units. Kidde is one of America's largest manufacturer of smoke alarms and fire safety products. Kidde is headquartered in Mebane, NC.
A magnetic keyed lock or magnetic-coded lock is a locking mechanism whereby the key utilizes magnets as part of the locking and unlocking mechanism. Magnetic-coded locks encompass knob locks, cylinder locks, lever locks, and deadbolt locks as well as applications in other security devices.
Williams Holdings was a major British conglomerate. It was listed on the London Stock Exchange, and was a constituent of the FTSE 100 Index.
Read and Campbell Limited was a British manufacturer of firefighting equipment founded in 1878. The company was an early pioneer in the design and manufacture of portable fire extinguishers.
Minimax Limited was a British manufacturer of fire extinguishers founded in England in 1903. Their unique conical fire extinguisher was known as 'The Minimax'. The company was purchased by The Pyrene Company Limited in 1955.
The Pyrene Company Limited from their beginning in 1914, until 1971 when they became Chubb Fire Security Limited, were among the world's leaders in the manufacture of fire fighting equipment. The name Pyrene was epitomised by their famous 'pump' extinguisher which was installed on public transport, commercial and private vehicles throughout the western world.
The Rampart Engineering Company was a British manufacturer of fire extinguishers founded in 1910.
Niscayah was a security systems company based in Stockholm, Sweden, active in 17 countries and first listed at Nasdaq OMX Stockholm, Mid Cap, when it was distributed to the shareholders of Securitas AB in August 2006, under the name of Securitas Systems. In 2008, the name was changed to Niscayah.
Chubbsafes is a brand of safes and vaults with its origins in the UK. It specialises in products which offer certified burglary protection and/or fire protection.
Prosegur Compañía de Seguridad, S.A ("Prosegur") is a multinational security company, headquartered in Madrid, Spain.
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