Ingersoll-Rand acquires Dolphin

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Thursday, August 25, 2005

HAMILTON, Bermuda--Ingersoll-Rand's recent acquisition of Dolphin Electromagnetic Technologies--an India-based security company-- will enable I-R to better serve U.S. customers that have offices in India.
"The significance of the Dolphin acquisition for our U.S.-based customers is that it extends our ability to provide a security system for them that includes all of the customers' relevant facilities around the world," said Wendy Bost, manager-external relations for I-R.
I-R announced August 19 that its wholly owned subsidiary, Ingersoll-Rand International (India) Limited, acquired the assets of Dolphin Electromagnetic Technologies of Mumbai, India. Terms of the agreement were not released.
"Many of our customers are top companies with operations in the U.S., Europe and Asia. Our solutions aim to provide them with an integrated multi-facility security system that can be centrally located at one key office operated by the customer," said Bost.
"With the Dolphin acquisition, our North American and European customers can now add their offices in India to the security systems we have created for them," she explained.
Dolphin supplies security system design, engineering, installation and integration products and services, as well as IP-based access-control systems. Its customers include hospitality, financial services, pharmaceuticals, airports, seaports, corporate and retail centers.
The business will operate as part of the Integrated Systems Solutions business of I-R's Security Technologies Sector, a provider of mechanical locks, architectural hardware and access control systems.