ECSI to acquire air and water detection business
By SSN Staff
Updated Thu November 11, 2004
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 ECSI’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. Clarion’s customers include the U.S. Army and U.S. Navy; products within its portfolio feature the Sentinal 500, a drinking water monitoring system.
Comments