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acquisition

Siemens Security Products now part of Vanderbilt

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Wednesday, June 3, 2015

Vanderbilt Industries on Monday announced it has completed the acquisition of the Security Products business from Siemens.

The deal, announced in October, expands Vanderbilt’s footprint, R&D capabilities and product portfolio. The Siemens' division has been rebranded as Vanderbilt and is headquartered in Wiesbaden, Germany.

Joseph Grillo, Vanderbilt managing director, spoke to Security Systems News in November about the deal. Here's a llink to that story where he said Vanderbilt will look for more acquisitions.

And here's a link to a story about proprietary versus open systems. It's based on a TechSec educational session that Grillo participated in.

In Monday's announcement, Vanderbilt said it will expand beyond its presence here in North America and in Europe and is particularly interested in South America and Asia Pacific.
 


The Security Products division brings with it access control, intrusion alarm and video surveillance products. Its brand names include: Aliro, Alarmcom, Bewator, Cotag, Europlex, SPC and Vectis. Vanderbilt plans to retain existing brand names.
 


In a prepared statement, Grillo said the company has "a commitment to reinvest at least 10 percent of our annual revenue into new research and development, and therefore, look forward to introducing new innovations that exceed industry expectations and drive sustained growth

Post acquisition, Intertech is $41m integrator

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Wednesday, September 24, 2014

Breaking news with afternoon from Pittsburg: Intertech Security, is now a $41 million integrator after the acquisition, announced today of Accent Electronic Systems Integrators, which is known as Accent ESI, a privately-held integrator based in Bridgeville, Pa.

The deal brings Intertech 40 new employees including Paul Caruso, an owner and principal manager of Accent ESI, who will become VP and GM of the Accent Division.

Former Accent ESI employees will continue to work from Accent’s  Bridgeville, Pa and Akron, Ohio office for the immediate future.

I have not had a chance to contact Ron Petnuch, president of Intertech Security yet, but he said in a statement that the companies have complementary capabilities. A company statement said that Intertech’s “expertise in integrated security systems combined with Accent ESI’s expertise in fire systems, sound systems, networks, audio visual and intercom systems provides additional opportunities and products for Intertech’s growing customer base in Pennsylvania, Ohio, West Virginia, Maryland, Florida and Texas.”

The statement said that Accent ESI has a “strong presence in the K-12 education market and new construction market” and said “coupled with Intertech’s experience in the end-user, client service market will enhance Intertech’s continuing growth.”

Canon to buy VMS provider Milestone Systems

Milestone will operate as stand-alone division; Canon committed to open platform
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06/13/2014

LONDON—Camera manufacturer Canon announced today that it will acquire VMS provider Milestone Systems. Terms of the deal were not announced.

Costar Technologies to buy CohuHD

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06/09/2014

COPPELL, Texas—Costar Technologies on June 4 announced that it has signed a definitive agreement to acquire CohuHD, the camera
products and video solutions division of Cohu.

HID acquires IdenTrust

Identity solution provider also launches channel program and goes to Texas
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01/22/2014

AUSTIN, Texas—From its newly christened headquarters here, identity solution provider HID Global today announced it has acquired IdenTrust, a provider of digital identities.

SecurTek acquires Scott Security Systems

The deal brings in 9,000 commercial and residential accounts in the Greater Vancouver area
 - 
01/08/2014

YORKTON, Saskatchewan—Powered by a revolving line of credit from its parent company, SecurTek Monitoring Solutions, a provider of monitoring services for commercial and residential customers across Canada, has acquired 9,000 customer accounts from Burnaby, British Columbia-based Scott Security Systems, a company with a 30-year history in the region.

Avigilon to buy VideoIQ for $32 million on New Year’s Eve

Fernandes: Purchase brings opportunity to increase sales of VideoIQ and Avigilon
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12/31/2013

VANCOUVER, Canada—HD surveillance provider Avigilon announced Dec. 31 that it will pay $32 million to acquire VideoIQ, a Billerica, Mass.-based video analytics company.

Convergint acquires FSC

Purchase adds girth in Eastern Canada, new focus on managed services
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12/11/2013

SCHAUMBURG, Ill.—In addition to beefing up its presence in Eastern Canada, Convergint Technologies’ Dec. 2 acquisition of Future Security Controls (FSC) brings new managed services capabilities, a specialized monitoring center and new federal government clients.

Convergint buys in Florida

Acquisition of Qualified Systems Contracting brings 40 employees, three locations
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10/22/2013

SCHAUMBURG, Ill.—Convergint Technologies is reaching more physical security customers in Florida, thanks to its recent acquisition of Qualified Systems Contracting, Inc.

Rapid acquisition

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Wednesday, January 23, 2013

Rapid Security Solutions of Sarasota, Fla., is growing rapidly following an acquisition, announced today, of Armenti Construction and Access Control, Inc, of Lake Worth, Fla.

I had a chance to speak to Steve Paley, president and COO of Rapid, (and also president of the new Florida chapter of ESA) this afternoon.

Paley said the deal doubles the size of his company, bringing 10 new employees and a number of accounts, notably with gated communities in the Palm Beach county area. "The former owners (Bill and Danielle Armenti) will stay on for the transition." New staff members include 6 technicians and 4 sales and office personnel. "They're outstanding. We're happy to have them join our team," Paley said.

"It's a great location; we needed to be there," Paley said. Armenti's work involved installing lots of security gates and "about 5 percent video [at the communities]," Paley said.

Rapid's plan is to go in and "on top of the gate work, we lay in video and access control ... it's a huge opportunity to gain a greater share of their wallet."

Rapid now has two offices: its home office in Sarasota and now one in Lake Worth. It has warehouses and staff members in Tampa, Orlando and Cape Coral, but Paley said the company will have brick and mortar in all locations--and plans to "double in size within two to three years."

The growth will come from acquisitions and organic growth. Paley said Rapid is "fortunate to have good financial partners that believe in our strategic plan."

Steve Rubin of Davis Mergers and Acquisitions assisted Armenti in the deal.

Look for more on this deal later this week.

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