business news Business PeoPle Allegion to acquire Simonsvoss Unterfoehrung, Germany New MD & CTO at Pacom Sydney, Australia Pacom Systems, a part of the Stanley Security Software & Controls organisation, has appointed Steve Barton as Managing Director & CTO with immediate effect. Steve began his career with Pacom in 1986 and has been instrumental in growing Pacom to be a global leader in security hardware and software. Most recently, Steve served on an expat assignment in Indianapolis where he helped drive synergies with Pacom and other Stanley product lines. Steve Barton. Allegion has agreed to acquire Simonsvoss Technologies GmbH from Hg Capital. The transaction is expected to close in the third quarter of this year, subject to regulatory approvals. Simonsvoss, headquartered in Munich, is an electronic lock company with a leading position in the growing European electronic market segment. The company’s comprehensive suite of solutions for electronic access control is sold globally. As a strong brand that’s well-known for innovation, Simonsvoss brings a legacy of global experts and technical expertise in the safety and security business. Simonsvoss generated sales of approximately €52 million in 2014 and has approximately 275 employees. “Simonsvoss is highly complementary to Allegion’s portfolio and provides sound synergy opportunities,” said David D. Petratis, chairman, president and CEO of Allegion. “By adding Simonsvoss to the Allegion family of brands, we are expanding our technical expertise and solidifying our global leadership in electromechanical convergence. We believe Simonsvoss has strong growth prospects and established channel partners in a number of international markets, allowing Allegion to expand its product offering, while Allegion’s demand creation capability will benefit the Simonsvoss brand.” Following the closing of the transaction, Simonsvoss is expected to operate within the EMEIA region of Allegion. Simonsvoss CEO Bernhard Sommer will continue to lead the business. Sommer said joining Allegion will provide the German company with exciting opportunities. “Allegion’s global footprint in both the commercial and residential security markets will help drive new growth opportunities for us,” Sommer said. “At the same time, Simonsvoss can contribute industry-leading technology to help Allegion develop more security solutions for unique customer needs. This is a great fit for both companies, and we look forward to joining the Allegion family.” Tagmaster acquires Citysync Stockholm, Sweden and London, UK Tagmaster, a Scandinavian manufacturer of advanced RFID products for vehicle identification within Traffic Solutions and Rail Solutions, is acquiring the LPR unit (Citysync Ltd) from Image Sensing Systems for a purchase price of approximately 34 MSEK or £2.6M. Citysync Ltd is a company in LPR technology and it has been in the business since 1997. The company, located in North London, has a turnover of ap- proximately 3 million pounds and has around 30 employees, with half of them working in product development. The products are sold primarily in England, the Middle East, Western Europe and in the USA. Citysync are known for having one of their effective (fast and accurate) algorithms for reading number plates, and their products are used within traffic, toll roads, parking and for security solutions. Gunnebo Group acquires Sallen Gothenburg, Sweden Gunnebo has confirmed that it is acquiring Spanish cash handling company Grupo Sallén. Grupo Sallén is a leading supplier of cash handling products primarily sold through CIT (Cash In Transit) into the bank and retail sector. The group was founded in 1988, has an annual turnover of €14 million and 50 employees. Sallén has a global customer base, where the majority of sales today is made in Europe. “The acquisition of Grupo Sallén is in line with Gunnebo’s strategic agenda to grow cash handling,” comments Gunnebo’s President & CEO, Henrik Lange. “Sallén will provide Gunnebo with key technology which will support the development of Gunnebo’s offering and strengthen our global proposition to the CIT, bank and retail market segments.” Siemens completes sale to Vanderbilt Zug, Switzerland Effective June 1, 2015, the Siemens Building Technologies Division has completed the sale of its “Security Products” business. This product business, which offers hardware for intrusion detection, access control and video surveillance, was transferred to the renowned U.S. security company Vanderbilt. Since all affected employees moved to Vanderbilt, their jobs were preserved. The U.S. company will be an important product supplier to Building Technologies over the long term. This successfully concludes Building Technologies’ divestment of its non-strategic “Security Products” business. According to Siemens, more than ever, the Division is now focusing its efforts on creating comprehensive integrated security solutions for its customers, ranging from office buildings for multinational corporations to critical infrastructures such as airports or energy suppliers. The purchase of Siemens Security Products, origi- nally announced in October 2014, expands Vanderbilt’s global business, and adds significant technology capabilities and advantages to the existing product portfolio. The combined operation, now known as Vanderbilt, will be headquartered in Wiesbaden, Germany, and Joseph Grillo, Managing Director, will lead the organization. “The acquisition of Security Products from Siemens builds upon Vanderbilt’s solid foundation and strong legacy, which is derived from Vanderbilt, will be headquartered in Wiesbaden, Germany, and Joseph Grillo, will lead the organisation. its nearly three decades of experience in the security industry,” said Grillo. “I’m delighted to finalise this purchase on schedule as it will enable our customers and partners to reap significant benefits.” Security News Every Day – www. securityworldhotel.com 22 • detektor i n te r n at i on al