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.
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.
Avigilon Corporation announced that Motorola Solutions has completed the previously announced acquisition of all issued and outstanding common shares of Avigilon. Motorola Solutions through its wholly owned subsidiary, Motorola Solutions Canada Holdings Inc., acquired 44,617,813 Avigilon shares for cash consideration of CAD$27.00 per share. This, together with net debt, represents a total enterprise value of approximately USD$1.0 billion.
There are ways to grow a business other than investing in existing assets and finding new customers. The physical security sector has witnessed a steady flow of M&A activity in recent years and there’s no sign of it abating. Keen to exploit growing demand for end-to-end solutions, some of the industry’s biggest beasts have snapped up brands in adjacent industries to broaden their portfolio.
Motorola Solutions (NYSE: MSI) announced that it has entered into a definitive agreement to acquire Avigilon (TSX: AVO) in an all-cash transaction that will enhance Motorola Solutions’ portfolio of mission-critical communications technologies. Under the terms of the agreement, Motorola Solutions will acquire all of Avigilon’s outstanding shares for CAD$27.00 per share. The enterprise value of the transaction is approximately US$1.0 billion including Avigilon’s net debt.
Delta Electronics, Inc. (TWSE: 2308), a global leader in power and thermal management solutions, announced its Board of Directors has approved a proposal for a cash tender offer to acquire approximately 35% (28,631,800 shares) to 55% (44,992,800 shares) of the outstanding common shares of VIVOTEK Inc. (TWSE: 3454) with an offer price of NTD98 per share. This tender offer, which is expected to begin on August 9, 2017 and end on September 26, 2017, shall be satisfied when final effective tendered shares reach the aforementioned minimum.
HID Global, a worldwide leader in trusted identity solutions, announced that it has acquired Arjo Systems SAS, a provider of physical and digital identity solutions for secure government ID applications. Arjo Systems gives HID Global broader capabilities to deploy electronic identification (eID) and ePassport solutions for government programs.
Salto Systems S.L., announces the acquisition of the remainder shares in Clay, to become sole owner of the company and the purchase of a significant equity share in Poly-Control, the manufacturer of Danalock. With these important steps, Salto Systems, market leader in electronic locking, executes on its strategy by strengthening its leading position in both Cloud technology and Mobile Access, as well as Electronic Locks for the Residential market.
Emergency Communications Network (ECN), a leading Software-as-a-Service (SaaS) provider of critical event management and emergency notification systems, announced it has acquired Send Word Now, a global leader in enterprise notification solutions. The combined companies have rebranded as OnSolve. Through this acquisition and ECN’s 2016 acquisition of MIR3, OnSolve is uniquely positioned to address the accelerating demand for standalone software-based communications solutions, and notification and alerting functionality that can be integrated directly into other critical business systems.