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Bosch acquires Climatec in U.S
Farmington Hills, Ml (USA)
Robert Bosch North America
Corporation
has acquired Cli-
matec
, LLC, a leading provider
of energy efficiency, building au-
tomation, security and life-safety
solutions for the U.S. market.
Headquartered in Phoenix,
AZ, Climatec, LLC generated
sales of 170 million dollars (128
million euros) in 2013. According
to preliminary figures, Climatec
increased its sales in 2014 to
about 190 million dollars (143
million euros). The company
employs some 670 associates at
a total of twelve offices across
Arizona, California, Nevada
and Texas. Climatec has been
majority-owned by Pegasus
Capital Advisors, L.P. since April
2012. Terms of the transaction
were not disclosed.
"With the addition of
Climatec, we are expanding our
global presence especially in the
growing North American market,
strengthening our portfolio and
becoming a comprehensive sup-
plier of solutions in the area of
energy, building automation and
security services," said Dr. Stefan
Hartung, member of the Bosch
board of management responsi-
ble for the Energy and Building
Technology business sector.
Dr. Stefan Har-
tung, member of
the Bosch board
of management
responsible for the
Energy and Build-
ing Technology
business sector.
According to Isabelle Alfano, the
number of exhibitors in the con-
tactless payment sector doubled
compared with the 2013 event.
The main theme addresses top-
ics such as security for mobility,
trusted cloud services, biometrics,
privacy in the digital society and
smart retail.
163 countries represented
The show had five main product
sectors: Card, Manufacturing,
Personalization & Services, Con-
sulting & Tests, Identification &
Data Protection (which included,
authentication, biometrics, data
protection and access control),
Mobile Payment, Processing &
Acquiring and a Multi-sector area.
Some 163 countries were rep-
resented at Cartes Secure Connex-
ions and there were 460 exhibitors
from 51 different countries. This
year's show was made up of 25
per cent of new exhibitors, which
equates to about a hundred new
companies. The organisers claim
that it proves the dynamics of this
sector as well as the event's high
capacity to respond to current
challenges in this thriving and
quickly changing industry.
There was also a conference
programme with 145 conferences
and 1,591 attendees, as well as
the Sesames Awards Ceremony.
The next Cartes Secure Connex-
ions will take place from 17-19
November 2015 and it will be the
30th anniversary of the show.
Cartes Secure Connexions
at-
tracted some 19,156 visitors to
Paris from 4-6 November 2014
and about 75 per cent of visitors
were international.
It is clear that the exhibition
is not just about cards secure
mobile solutions have become
an increasing feature on a rapidly
changing market.
Cartes Secure Connexions is a
big security exhibition focusing on
digital and mobile security solu-
tions, safe payment, identification
and digital and mobile payments
and transactions. This was the
29th edition of the trade show.
Going mobile
There is no doubt that the need
for safe mobile payments is
increasing. According to World
Payment Report 2013, there are
almost 200 billion card transac-
tions made in a year. As people's
paying behaviour changes, the
security industry faces a challenge
to make electronic and digital
technology exchanges safe and
reliable to ensure end-user trust.
Also, security cloud services as well
as Internet of Things will become
more important.
"The market is changing, mo-
bile solutions are growing and the
content of the show has changed.
That is why we have changed the
name. Secure connections are re-
ally what it is about", says Isabelle
Alfano, Event Director of Cartes
Secure Connexions.
Users on the move
The main theme of the show
was users on the move, which is
a response to the growing needs
for interconnection and mobil-
ity of the end users, according to
Isabelle Alfano. Ordinary citizens,
organisations, companies and
governments everyone wants to
be confident that it is possible to
make secure financial transactions
using a smart phone or a tablet.
Mobile security in focus at Paris show
Isabelle Alfano, Event Director of
Cartes Secure Connexions.
Vanderbilt opens international HQ in Germany
Parisppany, NJ (USA) and Wiesbaden, Germany
Vanderbilt
has established its
international headquarters in
Wiesbaden, Germany. This move
signals the company's intent to be-
come the most agile and customer-
focused integrated security systems
manufacturer in Europe.
Vanderbilt's plan to establish
its international headquarters in
Germany was originally com-
municated last October when the
company announced it signed a
Purchase Agreement to acquire
Siemens' Security Products, part
of the Siemens Building Tech-
nologies business. The acquisition,
scheduled to close by the end of
the first quarter of 2015, expands
Vanderbilt's global presence in the
security industry.
The new international
headquarters, housed in a
3,466-square-foot modern office
block, will provide its sales offices
in 17 European countries with
corporate support functions
formerly provided by Siemens
corporate entities in those coun-
tries. The facility accommodates
executive management, group
finance and controlling, and sup-
port staff, and is located less than
15 minutes away from Frankfurt
Airport.
"Vanderbilt Industries is
focused on continuing and
improving its support of its long-
term relationships with technology
partners, end users, distributors
and integrators within the Euro-
pean market and throughout the
world," said Joe Grillo, CEO, Van-
derbilt. "Establishing our interna-
tional headquarters in Germany
is a major step toward facilitating
stronger relationships with our
customers abroad and ensuring the
success of our long-term growth
strategy of expanding market
reach. It will also provide the basis
for significant incremental growth
in new international markets over
the next several years."
Siemens SP consists of
products in the access control,
intrusion alarm, and video surveil-
lance categories, which comple-
ment Vanderbilt Industries' fully
integrated product offerings.
Joe Grillo,
CEO, Vanderbilt.