Commercial
Convergint acquires Middle East-based MVP Tech
September 20, 2022SSN Staff
SCHAUMBURG, Ill.—Convergint, a global provider of service-based systems integration, announced it has acquired MVP Tech, a UAE-based security and IT systems contractor serving private enterprises and government clients for the past two decades.
The acquisition will add more than 200 colleagues to Convergint and expand the company’s presence to countries in the Gulf Cooperation Council (GCC) and Middle East.
Founded in 2003 and headquartered in Dubai, MVP Tech has three offices across...
Pye-Barker Fire & Safety acquires Integrated Security Group
September 9, 2022SSN Staff
ATLANTA – Security company Pye-Barker Fire and Safety has announced another acquisition this week with the addition of Integrated Security Group (ISG). Terms were not disclosed.
It’s the second acquisition this week for Pye-Barker, which also added Briscoe Protective only a day prior and not accounting for Complete Security Systems, which Pye-Barker acquired in early August.
ISG, based in Middletown, Ct., specializes in the design, installation, and servicing of alarm systems...
Inlution acquired by Minuteman Security Technologies
September 8, 2022SSN Staff
ANDOVER, Mass. – Super regional enterprise security technology provider Minuteman Security Technologies have announced their acquisition of Inlution inc. this week.
The systems integrator was picked up by Minuteman Security technologies in what the company calls its continuing domination of the entire state of Maine and the Northeast as the regions largest independent full-service provider of integrated security, communication, and life safety systems. “We are excited to have the Inlution...
ESA establishes resolution to support alarm dispatch reduction technology
August 25, 2022SSN Staff
DALLAS—The Electronic Security Association’s (ESA’s) Board of Directors unanimously passed a resolution on Aug. 24, 2022, to support efforts to reduce false alarms through more efficient and effective notification methods.
One of the greatest threats to the electronic security and life safety industry is the high rate of false alarm dispatches. This threat can cause many problems, including jurisdictions to push for “non-response” or “verified response,”...
Securitas provides update on Stanley Security, new financial targets
August 24, 2022Ken Showers, Managing Editor
STOCKHOLM – In an investor update webcast today, Securitas discussed further details on its recent Stanley Security acquisition and new financial targets.
In opening the webcast, Securitas President and CEO Magnus Ahlqvist described it saying, “We’re looking at it like a mini-version of a capital markets day.” Noting that the last time they had a capital markets day was in 2019. “But we have not been sitting still. We have been driving extensive transformation,...
Johnson Controls acquires UK-based Vindex Systems
August 24, 2022SSN Staff
LONDON—Johnson Controls, a provider of systems and digital solutions for smart, healthy, and sustainable buildings, has announced the acquisition of Vindex Systems, a UK-based systems integrator delivering intelligent business protection solutions.
Terms of the transaction were not disclosed.
According to Johnson Controls, the acquisition reinforces the company’s “technical expertise, delivering system planning, design, implementation, installation, support and maintenance...
Drone, anti-drone markets predicted to rise, reports say
August 22, 2022Ken Showers, Managing Editor
CHICAGO – A report released by Markets and Markets has predicted the rise of the anti-drone market to an estimated $3.8 billion by 2027.
That estimate is roughly over 400 percent higher than its current valuation at $0.9 billion in 2022 at a CAGR of 27.7 percent over the five-year period. Markets and Markets cites the rise of security breaches, counter terrorism activity, and the adoption of counter drones for remote sensing as driving factors for these estimated financial...
Pye-Barker Fire & Safety acquires Complete Security Systems
August 5, 2022SSN Staff
ATLANTA—Pye-Barker Fire & Safety has announced the addition of Marlboro, N.J.-based Complete Security Systems, Inc., to its alarm division and family of companies.
The acquisition makes Pye-Barker Fire & Safety the leading security and alarm provider in New Jersey, according to the company.
Complete Security Systems (CSS) specializes in customized security solutions including intrusion alarms, fire alarms, CCTV and access control for commercial and residential customers. It was founded...
Securitas completes acquisition of STANLEY Security and Healthcare
July 22, 2022SSN Staff
STOCKHOLM and NEW BRITAIN, Conn.—Securitas today announced it has completed the acquisition of STANLEY Security and Healthcare for $3.2 billion in cash.
On Dec. 8, 2021, Securitas announced it had signed an agreement to acquire the Electronic Security Solutions business from Stanley Black & Decker Inc. Following customary regulatory approvals, the acquisition is now complete, and the joint potential of the two businesses is unleashed.
Securitas holds a strong position within the security...
Allied Universal announces three acquisitions
June 20, 2022Cory Harris, Editor
SANTA ANA, Calif.—Allied Universal, a leading security and facility services company, is continuing its global expansion with the acquisition of three companies located in New York, the Netherlands and Denmark.
The largest of the three companies, International Protective Service Agency, is headquartered in New York, N.Y. and provides comprehensive security and event services for clients located throughout New York and New Jersey. IPSA Founder and Owner Jerry Heying, as well as its 350...