Tag: Mergers & Acquisitions
ASSA ABLOY seeks to ‘protect the bottom line’ in U.S.
May 1, 2024Ken Showers, Managing Editor
STOCKHOLM – As challenges continue to mount in the residential security market in the U.S., ASSA ABLOY is making sure it “adapts cost to the new reality,” says President and CEO Nico Delvaux.
“It's clear that we continue to operate in an uncertain economic climate,” he said. “As I said in previous quarters, we will continue to take advantage of those opportunities we see in the market. There are still regions where we see very good momentum. There...
Allegion off to 'solid start’
May 1, 2024Ken Showers, Managing Editor
DUBLIN – A healthy institutional market helped Allegion plc beat earnings estimates in the first quarter (Q1) of 2024, the fourth quarter in a row.
“Allegion is off to a solid start in 2024, and I'm very proud of our entire team,” Allegion CEO John Stone told investors. “Institutional markets remain healthy as we expected, our team continues to leverage our capabilities in spec writing, made-to-order manufacturing and strong distribution partnerships to best serve...
Pye-Barker acquires Alarm Specialists
April 30, 2024SSN Staff
ATLANTA – Pye-Barker Fire & Safety has acquired Alarm Specialists Inc., a security and fire alarms systems provider serving the New York-Connecticut-New Jersey area.
An acquisitive company on a hot streak, Pye-Barker has grown to 6,000 team members serving customers across 40 states.
Headquartered north of New York City in White Plains, N.Y., Alarm Specialists services, installs and designs custom security and fire detection systems, including video surveillance, CCTV, access control,...
RapidFire acquires Albuquerque Low Voltage
April 24, 2024SSN Staff
ST. LOUIS – RapidFire Safety & Security (RapidFire) has announced the acquisition of Albuquerque Low Voltage, a full-service fire alarm and fire protection service provider in Albuquerque, N.M.
This addition represents the second acquisition in the New Mexico market for RapidFire and further establishes its presence in the American Southwest.
Established in 2001, RapidFire said that Albuquerque Low Voltage has had a consistent emphasis on customer service and taking care of...
Resideo acquiring Snap One for $1.4 billion
April 15, 2024SSN Staff
SCOTTSDALE, Ariz., and CHARLOTTE, N.C. – Resideo Technologies has agreed to acquire Snap One Holdings for $10.75 per share in cash, for a transaction value of approximately $1.4 billion, inclusive of net debt.
Upon closing, Snap One will integrate into Resideo's ADI Global Distribution business. “The acquisition of Snap One is an exciting step in Resideo’s continued transformation through portfolio optimization, operational enhancements and structural cost savings actions,”...
ASSA ABLOY acquires Nomadix and Global Reach
March 29, 2024SSN Staff
STOCKHOLM – ASSA ABLOY has signed an agreement to acquire Nomadix and Global Reach, U.S. and UK-based providers of Wi-Fi access and engagement platform solutions for the hospitality and commercial real estate industry.
The companies offer a comprehensive tech platform of hardware, software and analytics tools to securely connect and engage with customers and devices via Wi-Fi networks.
"I am very pleased to welcome Nomadix and Global Reach into the ASSA ABLOY Group. This...
Latch launches DPM, acquires The Broadway Company’s property management division
March 28, 2024SSN Staff
BOSTON & ST. LOUIS – Latch, soon to be Door.com, have announced the launch of its property management division, Door Property Management, LLC (DPM), and the acquisition of the property management business of The Broadway Company (TBC).
Latch’s acquisition will enable DPM to collect insights from direct management on a small portfolio of units in the Boston area, the company said. Latch stated that this strategic acquisition represents an opportunity for them to operate the entire property...
Pye-Barker Fire & Safety acquires Absolute Fire Protection
March 19, 2024SSN Staff
ATLANTA – Pye-Barker Fire & Safety announced the expansion of its full fire code-compliance capabilities in the Mid-Atlantic with the acquisition of Absolute Fire Protection.
A fire sprinkler and fire alarm company headquartered in Annapolis, Maryland, Absolute Fire Protection serves the Washington-Baltimore metro area, all of Maryland and areas of Delaware. It was founded in 1989 by Larry Cate and Dan Mathias who met as Maryland high school freshmen and dreamed of starting their...
Allegion acquires Dorcas
March 4, 2024SSN Staff
DUBLIN – Allegion has announced its acquisition, through one of its wholly owned subsidiaries, of Dorcas (Montajes electronicos Dorcas S.L.).
A leading manufacturer of electro-mechanical access control solutions, Dorcas is a privately held company based in Siete Aguas (Valencia region), Spain, where it specializes in the production of electric strikes, electro-mechanical and electro-magnetic locks, as well as complementary access control solutions and door control products. Dorcas solutions...
Everon acquires DIGIOP
March 4, 2024SSN Staff
BOCA RATON, Fla. – Everon, formerly ADT Commercial, announced that it has acquired DIGIOP, a software development company specializing in video and business intelligence solutions.
“As a leading integrator and technology company, we recognize the major market shifts occurring every day across our industry. We’re not here to just witness the trends, but to provide our customers with proactive, intelligence-driven solutions that seamlessly integrate into their businesses,”...