Chubb Fire & Security

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Chubb Fire & Security
Company type Subsidiary
IndustryAsset Protection
Life Safety
Founded1818;207 years ago (1818)
Founders
Headquarters Blackburn, England
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 Corporation
Subsidiaries Security Monitoring Centre
Website chubbfs.com

Chubb Fire & Security is a British multinational company that provides property protection and life safety equipment and services, including fire protection and security systems. It has been a subsidiary of APi Group Corporation since January 2022. [1]

Contents

History

Former office in Sunbury-on-Thames Sunbury High Rise Building - panoramio (1).jpg
Former office in Sunbury-on-Thames

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. [2]

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. [3] In the 1800s, Chubb gained some important customers such as the Duke of Wellington and the Bank of England. [4]

Over the next one hundred years, the company turned out more than 2.5m locks. [3] 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. [5]

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). [6] 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. [7] as the latter company sought to build a security-focused conglomerate. Chubb was again demerged in July 2000. [3]

Service Engineer van in 2021 Chubb Fire & Security Van (2022).jpg
Service Engineer van in 2021

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. [8] 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, [9] the talks were called off on the grounds that the deal would not be "financially attractive" to either company's shareholders. [10]

In Australia, Chubb Security bought MSS Security in 1996, [11] but then sold it to SIS Limited in 2008. [12] [13]

Hot air balloon in the shape of a Chubb fire extinguisher at the 2008 Kemble Air Show Chubb balloon arp.jpg
Hot air balloon in the shape of a Chubb fire extinguisher at the 2008 Kemble Air Show

In April 2003, Chubb was acquired for £622m by United Technologies Corporation. [14] 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. [15]

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 Corporation for US$ 3.1 billion. [1]

Brands

See also

Related Research Articles

<span class="mw-page-title-main">Securitas AB</span> Swedish security services company

Securitas AB is a Swedish group devoted to security services, such as security guarding, mobile patrolling, monitoring, investigation and related consulting services. The group is headquartered in Stockholm and had over 300,000 employees in 53 countries worldwide as of 2016. Securitas AB is listed at Nasdaq OMX Stockholm in the Large Cap segment.

<span class="mw-page-title-main">Diebold Nixdorf</span> American multinational financial and retail technology company

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 Group 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. In April 2020, UTC merged with the Raytheon Company to form Raytheon Technologies, later renamed RTX Corporation.

Racal Electronics plc was a British electronics company that was founded in 1950. Listed on the London Stock Exchange and once a constituent of the FTSE 100 Index, Racal was a diversified company, offering products including voice recorders and data recorders, point of sale terminals, laboratory instruments and military electronics, including radio and radar. At its height it was the third largest British electronics firm; it operated worldwide and employed over 30,000 people at its height. It was the parent company of Vodafone, before the mobile telephony provider was sold in 1991.

<span class="mw-page-title-main">Stanley Black & Decker</span> American manufacturer of industrial tools and household hardware

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.

Chubb Limited is an American–Swiss company incorporated in Zürich, and listed on the New York Stock Exchange (NYSE) where it is a component of the S&P 500. Chubb is a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and is the largest publicly traded property and casualty insurance 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.

<span class="mw-page-title-main">UTC Climate, Controls & Security</span>

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.

<span class="mw-page-title-main">Chubb Locks</span>

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. When the brand licence expired in 2010 the name ceased to be used, with the same locks sold as Yale or Union locks.

Chubb may refer to:

Kidde is a brand subsidiary of Kidde 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 manufacturers of smoke alarms and fire safety products. Kidde is headquartered in Mebane, North Carolina.

<span class="mw-page-title-main">Magnetic keyed lock</span> Type of mechanical lock

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.

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<span class="mw-page-title-main">Yale (company)</span> American lock manufacturer

Yale is a lock manufacturer and a subsidiary of Assa Abloy, except in the United States and Canada where the brand has been owned by Fortune Brands Innovations since 2023. The global company is headquartered in Stockholm, Sweden. Its initial product was the Yale lock, invented by Linus Yale Sr., and it became the foundation of the enterprise founded by Linus Yale Jr. and Henry R. Towne.

<span class="mw-page-title-main">Williams Holdings</span>

Williams Holdings was a major British conglomerate. It was listed on the London Stock Exchange, and was a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">The Pyrene Company Limited</span>

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.

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.

Fichet-Bauche is a brand of safes, vaults, and locks produced by Fichet Security Solutions, a business owned by OpenGate Capital. Specializing in fireproof safes, the original company and its brand were founded in 1967 as a result of a merger between Fichet, a locksmithing company, and Bauche, a fire protection specialist company. The brand is operating in France, Spain, Portugal, Italy, and French-speaking parts of Africa.

<span class="mw-page-title-main">Prosegur</span> Multinational security company

Prosegur Compañía de Seguridad, S.A ("Prosegur") is a multinational security company, headquartered in Madrid, Spain.

References

  1. 1 2 "APi Group Completes Acquisition of Chubb Fire & Security Business". Business Wire. 3 January 2022. Retrieved 11 January 2022.
  2. ↑ Evans, Jim (2002). "A Gazetteer of Lock and Key Makers". Local History, University of Wolverhampton. Archived from the original on 8 December 2008.
  3. 1 2 3 "Chubb's safe blown wide open but will there be anything left inside?". Financial Times . 23 April 2003 – via UNI Global Union.[ permanent dead link ]
  4. ↑ "The History of Chubb Locks Custodial Services". Chubb Locks Custodial. 10 January 2006. Archived from the original on 8 September 2008.
  5. ↑ "Chubb – Centuries of Innovation" (PDF). Chubb. Retrieved 31 May 2020.
  6. ↑ "Early Sales History / Office Locations / The Chubb Group / Last 25 Years". Chubb Archive. Archived from the original on 2 April 2012. Retrieved 21 December 2011.
  7. ↑ "Williams of Britain to buy Chubb Security". The New York Times. 15 February 1997.
  8. ↑ Shah, Saeed (12 June 2003). "Troubled Chubb agrees £622m UTC takeover". The Independent.
  9. ↑ "Securitas halts Chubb merger". BBC News. 13 May 2002.
  10. ↑ Goodley, Simon (14 May 2002). "Chubb slips as Securitas calls off acquisition talks". The Daily Telegraph.
  11. ↑ "ACCC to allow Chubb's acquisition of M.S.S." Australian Competition & Consumer Commission (Press release). 18 June 1996. Retrieved 13 October 2020.
  12. ↑ "Security & Intelligence Services India Ltd". Business Standard India. Delhi, India. Retrieved 13 October 2020.
  13. ↑ "About Us". MSS Security.
  14. ↑ "United Technologies of US is in talks on £1bn takeover of Chubb". Financial Times. 21 April 2003 – via UNI Global Union.[ permanent dead link ]
  15. ↑ "Prosegur Compania de Seguridad SA through subsidiary acquires Chubb Security Services Pty Limited". Reuters. 16 December 2013. Archived from the original on 16 December 2013.
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