ECSI to acquire air and water detection business
November 11, 2004
CLIFTON, N.J. - Electronic Control Security, a provider of perimeter security systems, has entered into an agreement to acquire Clarion Sensing Systems for $1.5 million in an all-stock deal.
Based in Indianapolis, Clarion provides nuclear, biological, chemical and radiological remote monitoring sensor systems for air and water sensing applications. The acquisition will bolster ECSIÃ¢â‚¬â„¢s activities in the homeland security and military markets in the United States and elsewhere, the company said.
ECSI expects the deal to bring in $1.5 million in revenue in 2005, $2.75 million in 2006 and $4.5 million in 2007. ClarionÃ¢â‚¬â„¢s customers include the U.S. Army and U.S. Navy; products within its portfolio feature the Sentinal 500, a drinking water monitoring system.