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ASSA ABLOY to acquire HHI division of Spectrum Brands, includes Kwikset

Suppliers

ASSA ABLOY to acquire HHI division of Spectrum Brands, includes Kwikset

September 9, 2021SSN Staff

STOCKHOLM—ASSA ABLOY has signed a definitive agreement to acquire the Hardware and Home Improvement (HHI) division of Spectrum Brands for a purchase price of $4.3 billion on a cash- and debt-free basis. The transaction is conditional upon regulatory approval and customary closing conditions and is expected to close during the fourth quarter of 2021. Spectrum Brands' HHI division is a leading provider of security, plumbing, and builders' hardware products to the North American...

Assa Abloy, Kwikset, mergers and acquisitions


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Speco Technologies adds 9 people to support extraordinary growth

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Speco Technologies adds 9 people to support extraordinary growth

September 1, 2021SSN Staff

AMITYVILLE, N.Y.—Speco Technologies, a company with a steadfast commitment to delivering unmatched service to every customer, recently hired 9 talented people in sales, product management, technical support and customer service. “As we continue to round out our industry leading team, we are very excited to be adding these extremely passionate and professional people to the Speco family.” Speco Technologies CEO Todd Keller said in the announcement. Regional Sales Managers TJ...

Speco Technologies, Todd Keller


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Alarm.com, Nortek Control launch 2GIG New Home Program

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Alarm.com, Nortek Control launch 2GIG New Home Program

August 18, 2021SSN Staff

CARLSBAD, Calif.— Alarm.com and Nortek Control have announced the 2GIG New Home Program powered by Alarm.com, giving builders the premier support they need to deploy the latest smart home technology infrastructure into their new communities. Designed as a comprehensive future-ready solution for production and custom home builders, this collaborative program ensures hassle-free compatibility by combining the industry-leading technologies in the family of 2GIG security and home automation...

alarm.com, Bret Jacob, Nortek Control


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fredy

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BCDVideo Hires Fredy Issa, four other team members

August 17, 2021SSN Staff

BUFFALO GROVE, Ill.—BCDVideo, the global video data infrastructure leader, announced the appointment of Fredy Issa as Managing Director of the Middle East, Russia, Africa, and Turkey (MERAT) region. With 15 years of security industry experience, Issa is an internationally respected expert in IT, telecommunications, and security. He will continue to expand the aggressive growth ambitions for BCD in the region. “I am delighted to welcome Fredy Issa as our new Managing Director of the...

BCDVideo, Fredy Issa, Jeff Burgess


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Hikvision announces 2021 Q1, Q2 financial results

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Hikvision announces 2021 Q1, Q2 financial results

August 6, 2021SSN Staff

CITY OF INDUSTRY, Calif.—Hikvision, a world-leading manufacturer and supplier of security products and solutions, has released its financial results for the first half of 2021. During the reporting period, Hikvision generated revenues of $5.25 billion (RMB 33.90 billion) with a year-over-year (YoY) growth of 39.68 percent. Net profits attributable to shareholders of the listed company were $1 billion (RMB 6.48 billion), reflecting a YoY growth of 40.17 percent. “While uncertainties...

Hikvision, Tony Yang


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Snap One announces pricing of initial public offering

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Snap One announces pricing of initial public offering

July 30, 2021SSN Staff

CHARLOTTE, N.C.—Snap One, a provider of smart living products, services and software to professional integrators, announced the pricing of its initial public offering of 13,850,000 shares of its common stock at $18 per share. Shares of Snap One’s common stock began trading on the Nasdaq Global Select Market on July 28, 2021, under the symbol “SNPO,” and the offering is expected to close on July 30, 2021, subject to customary closing conditions. Snap One and selling shareholders...

John Heyman, Snap One


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Allegion up 26.7 percent in Q2 revenues compared with 2020

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Allegion up 26.7 percent in Q2 revenues compared with 2020

July 23, 2021SSN Staff

DUBLIN—Allegion plc, a global provider of security products and solutions, reported second-quarter 2021 net revenues of $746.9 million, a 26.7 percent increase when compared to the prior-year period (up 23.8 percent on an organic basis). Excluding charges related to restructuring and acquisition and integration, adjusted net earnings were $119.3 million, or $1.32 per share, up 43.5 percent when compared with second-quarter 2020 adjusted EPS of $0.92. “I’m encouraged by the...

Allegion, financials


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Telguard unveils 5G LTE-M Communicators with Internet and Cellular Dual Path

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Telguard unveils 5G LTE-M Communicators with Internet and Cellular Dual Path

July 20, 2021SSN Staff

LAS VEGAS—Telguard, a leader in security and life safety communications, is pleased to announce at ISC West 2021 here this week its first line of dual path communicators with an internet pathway. Telguard said it is the first company to offer a dual path communicator that combines 5G LTE-M with internet connectivity for commercial fire use. Telguard has been the leader in universal cellular fire alarm communicators for decades, and the addition of an internet pathway offers dealers...

5G LTE-M Communicators, ISC West 2021, Telguard


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dean

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Eagle Eye Networks showcases enterprise solutions at ISC West 2021

July 20, 2021SSN Staff

LAS VEGAS—Eagle Eye Networks, a global leader in cloud video surveillance, is showcasing solutions for its reseller partners serving enterprise and multisite customers at ISC West 2021 this week in Las Vegas, July 19-21. Eagle Eye Networks resellers comprise small independents, regionals, as well as larger nationals. “Our resellers brought more enterprise and multisite customers during the pandemic, and we are seeing this trend continue unabated in the first half of 2021 as vaccination...

Eagle Eye Networks, ISC West 2021


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NAPCO Security Technologies to introduce new products at ISC West

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NAPCO Security Technologies introduces new products at ISC West

July 19, 2021SSN Staff

AMITYVILLE, N.Y—NAPCO Security Technologies, Inc., a leading manufacturer and designer of high-tech electronic security devices, wireless recurring communication services for intrusion and fire alarm systems, as well as a leading provider of school safety solutions, is showcasing new products at this week’s ISC West 2021 in Las Vegas, Nev., running July 19-21 at the Sands Expo Center.  During ISC West, NAPCO will be showcasing its new AirAccess cloud-based access...

Napco Security Technologies, Richard Soloway


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