NEW BRITAIN, Conn.—Stanley Black & Decker yesterday announced that it has entered into a definitive agreement to sell the majority of its mechanical security businesses, including commercial hardware brands BEST Access, phi Precision and GMT to access and security solution provider dormakaba for $725 million in cash. The deal is subject to customary regulatory approvals.
AUSTIN, Texas—HID Global, a company that specializes in identity solutions, has acquired Bluvision, a Bluetooth Low Energy (BLE) provider in the enterprise Internet of Things (IoT) market. The deal closed Dec. 1, and financial terms were not disclosed.
NEW LONDON and DANBURY, Conn.—ACRE LLC, the holding company that owns Vanderbilt Industries, Mercury Security and recently acquired ACT in Ireland, announced this week the acquisition of Communication Networks LLC (ComNet), a manufacturer of video and data transmission equipment based in Danbury, Conn.
CARMEL, Ind.—Door hardware company Schlage conducted a study with Wakefield Research showing that millennials in multi-family housing would pay more, or give up other amenities, for smart home features.
IRVINE, Calif.—Edwina “Eddie” Reynolds is president, CEO and co-founder of iluminar, a manufacturer and global supplier of infrared and white light illuminators, as well as license plate recognition products.
GRASBRUNN, Germany and TOKYO—Bosch Security Systems and Sony Corporation signed a contract to enter a partnership that will result in new products and solutions in the field of video security applications.
WIESBADEN, Germany—Vanderbilt, a global security systems provider, finalized on Nov. 1 its purchase of Access Control Technology Ltd., a Dublin-based company that specializes in cloud-based access control and video management solutions.
OTTAWA, Ontario—Feenics, a company that provides on premise and cloud-hosted integrated access control and security management solutions, recently doubled its headquarters' footprint here to accommodate growth, including the additions of Denis Hébert, president and equity partner, and Fadi Hajjar, Canadian sales director, as well as additional engineers and software developers.