Sonitrol of SW Ohio Acquires Sonitrol of Butler County
Sonitrol of SW Ohio has acquired Sonitrol of Butler County and their non-Sonitrol company Southwestern Ohio Security. The acquisition officially closed effective July 6th. The firm, that operates an independent franchise of Sonitrol, has served the Greater Cincinnati and Northern Kentucky areas since 1971. The expansion is reflective of both their ongoing commitment to local and surrounding communities as well as a market need in both the residential and commercial security sectors.
Motorola Acquires IndigoVision In £30m Deal
US conglomerate Motorola has acquired Edinburgh Scotland-based video security company IndigoVision, in a deal worth £30.4 million. The acquisition price of approximately US$4.90 per share represents a premium of approximately 129% to the closing price of US$2.14 per IndigoVision Share.Motorola Solutions, a global provider of mission-critical communications and analytics, has a strong presence in the large and expanding area of physical security and video surveillance.
Mellanox to Acquire World Leading Network Intelligence Technology Developer Titan IC to Strengthen Leadership in Security and Data Analytics
Mellanox Technologies announced that it has reached a definitive agreement to acquire privately-held Titan IC Systems Limited, the leading developer of network intelligence and security technology to accelerate search and big data analytics across a broad range of applications in data centers worldwide. The acquisition will further strengthen Mellanox’s network intelligence capabilities.
Leidos to Acquire L3Harris Technologies’ Security Detection and Automation businesses
Leidos Holdings entered into a definitive agreement to acquire L3Harris Technologies’ Security Detection and Automation businesses, for $1 billion in cash. The Boards of Directors of both companies unanimously approved the transaction. L3Harris’ Security Detection and Automation businesses provide airport and critical infrastructure screening products, automated tray return systems and other industrial automation products.
ASSA ABLOY Acquires LifeSafety Power
ASSA ABLOY has acquired LifeSafety Power, a leading US supplier of smart integrated access control power solutions for OEMs, integrators and end-users. LifeSafety Power was established in 2009 and has some 65 employees. The main office is located in Libertyville, Illinois. Sales for 2019 are expected to reach about USD 30 million with a good EBIT margin and the acquisition will be accretive to EPS from start. The ASSA ABLOY Group is a global leader in access solutions.
Security Distribution Veterans Make a Comeback and Acquire Custom Electronic Supply
Custom Electronic Supply, a wholesale distributor of security electronics based in San Jose, California, was acquired on August 30th, 2019 by security distribution veterans Jason Dennis, Lannie Green, Matthew Green, and Danny Cranford. Dennis, along with Matt and Lannie Green, has deep distribution roots. They are the former owners of San Antonio-based Security General International.
Transom Capital Group Acquires Pelco, Inc.
Transom Capital Group announced it has acquired Pelco, Inc. from Schneider Electric. Pelco is a global leader in the design, development, and manufacturing of predictive video security solutions including cameras, recording and management systems, software, and services. Pelco’s personal engagement with customers, resellers and technology partners drives the development and deployment of surveillance and security solutions with meaningful innovation.
ACRE to Acquire Indiana Based RS2 Technologies
ACRE announced it has entered into a definitive agreement to acquire RS2 Technologies in Munster, Indiana. This purchase will enhance ACRE’s strategic expansion plans for strengthening its access control business and product portfolio. Following on from the recent acquisition of Open Options in December of 2018, ACRE continues to build its access control strength and reach in the North American market. ACRE’s portfolio now consists of Vanderbilt, Open Options, RS2 and ComNet.
Qognify To Acquire On-Net Surveillance Systems (OnSSI)
Qognify announced that it has signed a definitive agreement to acquire On-Net Surveillance Systems, Inc. (OnSSI) and the OnSSI company SeeTec GmbH. In bringing these award-winning technology solution portfolios together under one roof —including Qognify VisionHub, OnSSI Ocularis, and SeeTec Cayuga— Qognify becomes one of the largest VMS, Video Analytics, PSIM, and critical incident management companies in the world. Qognify is backed by global investment firm Battery Ventures.
ACRE To Acquire Texas Based Open Options
ACRE announced 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. ACRE’s CEO, Joseph Grillo, stated that this transaction will continue to expand ACRE’s competitive position in a highly fragmented market with great growth potential.
ADT To Acquire Red Hawk Fire & Security
ADT Inc. announced it has entered into a definitive agreement to acquire Boca Raton, FL-based Red Hawk Fire & Security, a leader in commercial fire, life safety and security services and portfolio company of Comvest Partners, for $317.5 million in cash. This transaction accelerates ADT’s growth in the commercial security market and expands the Company’s product portfolio with the introduction of commercial fire safety related solutions. It is the latest in a series of strategic acquisitions made over the last year to drive commercial growth and build on ADT’s strong foundation of superior customer service.
Novume Intends To Acquire Open ALPR Technology
Novume Solutions announced that effective September 17, 2018, it entered into a binding letter of intent with OpenALPR Technology, Inc. (OpenALPR). The letter of intent sets forth the parties’ intent for Novume to acquire the assets of OpenALPR. OpenALPR is a privately-held Boston, Massachusetts-based company that is internationally recognized as a leading provider of automated license plate reader (LPR) technology used by both law enforcement and commercial clients.
UTC Climate, Controls & Security Agrees To Acquire S2 Security
UTC Climate, Controls Security has agreed to acquire S2 Security, a leading developer of unified security and video management solutions. UTC Climate, Controls Security is a leading provider of fire safety, security, building automation, heating, ventilating, air conditioning (HVAC) and refrigeration systems, and is a unit of United Technologies Corp.
FIBARO Acquired By Nice S.p.A.
Nice S.p.A. announces continued expansion into the smart home category with the acquisition of FIBARO®, a leading brand in the global smart home market. The transaction, which was public as of Friday, July 13 is valued at €63 million/$73 million US and includes the entire share capital of Fibar Group S.A. including its US subsidiary. Founded in 2010, FIBARO has established itself on 6 continents and in over 100 countries as one of the most advanced wireless systems for the smart home.
Costar Swoops In; Acquires Arecont Vision
Arecont Vision® announced today that the acquisition by Costar Technologies, Inc. (OTC markets Group: CSTI) of its assets has been approved by the bankruptcy court. It is anticipated that the sale will close on July 13, 2018. As previously announced, Arecont Vision initiated proceedings under chapter 11 of the United States Bankruptcy Code in the District of Delaware in May, 2018 and has achieved its goal of moving through this process quickly.
ISONAS Gets Acquired By Allegion
Allegion plc (NYSE: ALLE) has agreed to acquire ISONAS through one of its subsidiaries. The transaction is expected to close early in the third quarter of 2018, subject to customary closing conditions. ISONAS has edge-computing technology that provides innovative access control solutions for non-residential markets. ISONAS intelligent devices utilize power over ethernet, making them easy to install and cost effective as they utilize existing customer infrastructures.
Nortek Security & Control Acquires IntelliVision, Establishing Leadership In Artificial Intelligence And Video Analytics
Leaping to the forefront of the rapidly growing fields of Artificial Intelligence (AI) and video analytics, Nortek Security & Control LLC (NSC), a global leader in smart connected devices and systems for residential, security, access control and digital health markets, announced the acquisition of San Jose, California-based IntelliVision Technologies Corp., a pioneer and leader in Artificial Intelligence, smart cameras and deep learning-based video analytics software. IntelliVision will operate as a wholly owned subsidiary of NSC. IntelliVision will continue to support its customers and products.
BriefCam To Be Acquired By Canon Inc.
BriefCam announced its acquisition by Canon Inc., a world leader in digital imaging solutions. The addition of BriefCam to Canon’s market leading Network Video Solutions products portfolio complements the Canon Group’s previous acquisitions of AXIS Communications and Milestone Systems with a breakthrough, innovative video content analytics solution. The acquisition will drive further, rapid innovation in video analytics by BriefCam as well as new co-innovation activities with Canon and its market leading portfolio companies.
Johnson Controls Acquires SmartVue Corp To Bolsters Cloud Video Services
Johnson Controls has announced that it has acquired Smartvue, a leading IoT and video provider which empowers cloud video surveillance and IoT video services. The addition of the Smartvue cloud-based video platform will enhance Johnson Controls’ offering of an end-to-end, smart cloud based solution that can provide superior business data and intelligence to customers and added value to partners.
StereoVision Imaging Acquires Digital Signal Corporation
StereoVision Imaging announced that it has closed on a financing package with a leading provider of structured debt products to technology and life science companies. This deal represents a major step in SVI’s effort to accelerate and diversify its current product slate, through a major acquisition and an injection of working capital. Through this acquisition SVI is acquiring a significant portfolio of U.S. and International patents related to the use of LIDAR technology for 3D facial recognition and other potential applications.