UK’s G4S, U.S.’s Allied Universal, and Canada’s GardaWorld are all in negotiations to buy one another. In the estimated US$244-billion global human security guard market, Allied Universal’s approximate US$4-billion acquisition of G4S is being rejected as “inadequate.” Allied Universal on Oct. 28 tabled a “highly conditional indicative offer” of at least 210 pence per share, subject to due diligence.
Melrose Industries Plc, a UK-based investment firm has announced that is has acquired Nortek, Inc., a global company with brands including 2GIG, NuTone, and Elan. It is unclear at this time what direction this has for Nortek Security & Control, which specializes in residential security and home automation products and services.
In September Vicon Industries Inc. and IQinVision revealed that its previously announced merger had been approved, and that its board of directors had appointed Eric Fullerton, formerly chief sales and marketing officer of Milestone Systems A/S, as the company’s new CEO and president. Fullerton, stated the combined businesses will be called Vicon, with headquarters in Edgewood, N.Y.
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.