acquisition
FLIR Systems Buys Prox Dynamics For $134 million
Sensor developer FLIR Systems announced it has acquired unmanned aerial systems maker Prox Dynamics for $134 million in cash. Based in Oslo, Norway and founded in 2007 by pioneers in nano helicopter technologies, Prox Dynamics develops, manufactures, and distributes aerial sensors that are revolutionarily small, light, and covert surveillance systems. Prox Dynamics’ Personal Reconnaissance System (PRS) features their Black Hornet aerial sensor and a hand controller, a system that is pocket sized and hand-launched by a soldier in the field, enabling a significant advantage in situational awareness and mission planning.
Convergint Technologies Acquires Go Security Solutions
Convergint Technologies, a KRG Fund IV (“KRG”) portfolio company and leading independent provider of integration services for electronic security, fire and life safety, and building automation systems has announced the acquisition of Go Security Solutions. Founded in 2009, Go Security Solutions is a full service systems integrator specializing in electronic access control, video surveillance, alarm systems, and mechanical security solutions. The acquisition represents Convergint’s seventh transaction of 2016.
Sensity Systems Acquires Leading Computer Vision Systems Provider Eutecus
Sensity Systems Inc., provider of a leading Internet of Things (IoT) platform for Smart Cities, announced it has acquired Eutecus, an embedded software and configurable processor solutions provider for critical video and multi-sensory analytics systems. The combined company will provide customers with leading computer vision powered solutions in a comprehensive IoT platform for Smart Cities.
3xLOGIC Acquires Infinias Access Control Lines
3xLOGIC, Inc., a leading provider of integrated intelligent security solutions, today announced that it has acquired the access control product lines of infinias Inc. The acquisition closed on February 27th, and all related personnel and other moves were completed as of March 2nd.
Bosch Acquires Climatec
Robert Bosch North America Corporation has acquired Climatec, LLC, a leading provider of energy efficiency, building automation, security, and life-safety solutions for the U.S. market. The company employs some 670 associates at a total of twelve offices across Arizona, California, Nevada, and Texas.
Convergint Technologies Acquires Beacon Security of UK
Convergint Technologies announced the acquisition of Beacon Security and Communications Solutions, a leading provider of physical security systems and services in the United Kingdom and throughout Europe. Beacon is a value-added security solutions provider serving global Fortune 500 companies.
Seeking Alpha: Anixter International Can’t Find a Suitor
Seeking Alpha is a platform for investment research, with broad coverage of stocks, asset classes, ETFs and investment strategy. They recently posted a summary on Anixter International. The company with its largest shareholder, Sam Zell, attempted to find a suitor earlier this year but was unable to find any takers.
Select Security Expands Into Kentucky
Select Security is proud to announce that it has expanded into Kentucky with the acquisition of three local companies. Over the past several months, Select Security has welcomed the employees and several thousand customers from Comstar Systems in Bowling Green, AAA Systems in Elizabethtown and Bardstown Alarm in Bardstown, KY.
Alarm.com Acquires Secure-I, a Leading Commercial Video-as-a-Service Company
Alarm.com, the leading cloud platform for the intelligently connected home, announced today the acquisition of Chicago based Secure-i, Inc., a provider of professional commercial video surveillance services. The strategic acquisition gives Alarm.com a standalone, commercial-grade video offering that includes cloud based hosted services and AXIS Communication’s High-Definition (HD) cameras.
ASSA ABLOY Acquires ODIS in Chile
ASSA ABLOY (STO:ASSAB) has signed an agreement to acquire ODIS Limitada, a leading supplier of locks, padlocks, and steel doors to the Chilean market. ODIS, established in 1930, is headquartered in Santiago, Chile and has 240 employees.
Costar Tech Inc (CSTI) – Comments & Business Outlook
Costar’s Reported Second Quarter 2014 Results Revenue for the second quarter of 2014 totaled $8.3 million as compared to revenue of $6.2 million for the second quarter of the prior year, an increase of 33%.
TRI-ED Announces New Logo and Management Changes
Following its recent acquisition by Anixter, TRI-ED Distribution is proud to announce its new logo as well as key management changes. Pat Comunale will now serve as President of Global Security Solutions. James Rothstein will serve as Senior Vice President of Global Marketing and Dirk Foreman will be responsible for Global/National Integrator Sales, both reporting directly to Pat Comunale.
Infinova Signed Agreement to Acquire Swann Communications
Infinova announced today that it has signed an agreement to acquire Swann Communications Pty Ltd, an Australian company. Swann was established in 1987 and pioneered the DIY video surveillance markets in North America, Australia, and Europe and is the leader in this category.
Vanderbilt Industries Agrees to Acquire Siemens’ Security Product Business
Vanderbilt Industries, a global leader providing state-of-the-art security systems, announced today it has entered into an agreement to acquire Siemens’ Security Products business, part of the Siemens’ Building Technologies Division. The business will be renamed Vanderbilt International. Security industry veteran Joseph J. Grillo will be Managing Director, working from the new operational headquarters in Germany.
Bold Technologies Acquires ABM Data Systems
Bold Technologies, a leading provider of central station and PSIM software, acquired fellow automation provider, ABM Data Systems. Bold Technologies has announced it will retain the staff and products of ABM Data Systems. The acquisition significantly increases Bold’s customer base and supplements the company’s product portfolio, while adding substantial industry experience to the Bold Technologies’ team.
ADT Playing Within a Shifting Security Industry
Technology is acting as disruptive innovation in the security industry. ADT is at risk of losing its position as the leader in the North American security industry in the long term. Changing market dynamics will provide additional headwinds for the company, favoring new entrants.
Intertech Security Acquires Accent Electronic Systems Integrators
Intertech Security, an independent security systems integrator based in Pittsburgh, PA, today announced that it has acquired Accent Electronic Systems Integrators, Inc. (Accent ESI), a privately-held, certified system integration firm, headquartered in Bridgeville, PA.
Vivint Enhances Smart Home Offering With Space Monkey Acquisition
Vivint, a leading provider of smart home technology, today announced the acquisition of Space Monkey, an innovative cloud storage company. Space Monkey uses a peer-to-peer network, rather than a data center, to offer greater speed, security and cost savings for personal storage.
Vicon and IQinVision Merger Approved
Vicon Industries, Inc. (VII: NYSE-MKT) (“Vicon”), a designer and producer of video security and surveillance systems, said that it has completed the previously announced merger with IQinVision, Inc. (“IQinVision”), a designer and producer of high performance HD/megapixel IP cameras. The merger creates a global market leader of integrated solutions to the video security market.
Duchossois Group Acquires Controlled Products Systems Group
The Duchossois Group, Inc. (TDG) announced today that it has acquired Controlled Products Systems Group , Inc. (CPSG), headquartered in Denver, Colorado . CPSG is one of the largest wholesale distributor s of perimeter access control solutions in the US , and supplies equipment to authorized dealers from coast to coast, offering t he highest quality and most widely recognized brands of access control pro ducts available on the market. Terms of the acquisition were not disclosed.