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Deal closed: Vanderbilt buys Siemens Security Products

June 1, 2015Martha Entwistle

PARSIPPANY, N.J.—Vanderbilt Industries today 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 business 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. He said Vanderbilt will look for more acquisitions. The company...

Joe Grillo, Siemens Security Products, Vanderbilt Industries