Tag: Comnet

LAS VEGAS—ACRE, a global security services and products company, announced today it has entered into a definitive agreement to acquire Open Options based in Addison, Texas. This purchase will enhance ACRE's strategic expansion plans for strengthening its access control business and product portfolio, particularly in North America.Financial details of the transaction were not released. The transaction is expected to close in the fourth quarter of 2018.ACRE's CEO, Joseph Grillo, stated that this...

DANBURY, Conn.—ComNet, Communication Networks of Danbury, a manufacturer of transmission and networking equipment based here, recently announced its entry into the access control marketplace, the company's first big move since joining the ACRE family of companies back in December of 2016.ComNet is introducing two systems, the CNA100 line, a 2- to 8 door solution for smaller applications and the CNA200 for up to 32 doors for bigger applications; both are network compatible and operate seamlessly...

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.“We saw the opportunity to acquire a unique property that has very specialized products that was growing and profitable,” ACRE CEO Joe Grillo told Security Systems News. “A large...

DANBURY, Conn.—Comnet founder, CEO and long-time entrepreneur George J. Lichtblau passed away on Aug. 3, following a long battle with cancer. He was 78.Lichtblau held more than 20 patents, many of them related to the two highly successful fiber optic transmission companies that he founded—International Fiber Systems, which was sold to GE Security in 2003, and Comnet, a major producer of fiber optic, Ethernet and wireless transmission products. Lichtblau was also a pioneer in RFID tag...