2 4 · d e t e k t o r i n t e r n a t i o n a l
Business
News
Mergers & acquisitions from July to October 2021
JULY
Dormakaba
acquires Solus Secu-
rity Systems Pvt Ltd
, a supplier of
integrated electronic access and data
solutions, headquartered in Ban-
galore, India. With 200 employees
the company generated single-digit
million sales in Swiss francs for the
year ending 31 March 2021. "Solus
provides excellent growth opportunities
as we expand our Electronic Access and
Data business in India," says Jim-Heng Lee, Dormakaba COO AS APAC.
Carrier Global
agrees to sell Chubb
fire
and security to API Group for $3.1
billion, made up of $2.9 billion cash
and approx. $200 million of assumed
liabilities and adjustments. Chubb, with
HQ in the UK, employs around 13,000
globally through its sales and service
network in 17 countries in Europe, Asia
Pacific and Canada. Chubb's revenues
were approximately $2.2 billion and ad-
justed EBITDA of approximately $213
million for the year to end March 2021.
The transaction is expected to close around year-end 2021 and is subject
to a consultation process and standard regulatory approvals.
Securitas
agrees to acquire Protection One, the German market leader
specialising in remote technology-driven security solutions and electronic
security. The purchase price is approximately 72 million Euros (MSEK
735) on a debt-free basis. In 2020, Protection One's annual sales were
more than 33 million Euros (MSEK 337), of which over 90 percent were
on a recurring monthly revenue basis. The company has 230 employees
in Germany and is present at 12 locations with the operation centre
based in Meerbusch. The acquisition is subject to approval from compe-
tition authorities and is expected to be finalised during the third quarter
of 2021.
Securitas
also agrees to acquire Tepe Güvenlik A.S., an electronic se-
curity company in Turkey with 250 employees in Ankara and Istanbul,
generation sales of around 8.5m Euros. The acquisition elevates Securi-
tas to number two in the monitoring market in Turkey and aligns with
the Group's strategy of doubling its security solutions and electronic
security sales by 2023. The purchase price is approximately MEUR 10
(MSEK 100) on a debt-free basis.
The acquisition is subject to approval from competition authorities
and is expected to be finalised during the third quarter of 2021.
Summer-Autumn 2021 has proven to be a furiously
acquisition packed quarter as countries start to bring
the corona virus pandemic under control and business
activities resume to full velocity.
Detektor has listed some of these acquisitions that
have taken place over the second half of 2021, start-
ing from the 1st of July onwards. Here is an over-
view.
AUGUST
Halma Group
has completed the sale of Texecom, a Lancashire, UK
based electronic security manufacturer, in a management buyout sup-
ported by UK based mid-market private equity investor, LDC. Texecom's
management team will continue to lead the business.
Assa Abloy
acquires Capital Door Service, a pedestrian door distribu-
tor and service company in California, Nevada and Arizona. "I am very
pleased to welcome Capital Door Service
into the Assa Abloy Group. I welcome
this complementary addition, specialising
in entrance automation, to our business,"
commented Nico Delvaux, President and
CEO of Assa Abloy.
Capital Door Service has some 50
employees and is headquartered in
Sacramento, California. Sales in 2020
amounted to about MUSD 17 with a
good EBIT margin. The acquisition will be
accretive to EPS from the start.
Convergint
, the US based global system integrator, with a yearly revenue
of $1.7 billion, adds Premier Security Group (PSG) to its growing list
of acquisitions. PSG is a diversified physical security company servicing
the financial market vertical in California, Utah, and Arizona.
HID Global
acquires Omni-ID, a manu-
facturer of RFID tags and industrial IoT
hardware devices.The acquisition extends
HID's market leadership in RFID technol-
ogy and strengthens its presence in India
and China. Björn Lidefelt, EVP and Head
of HID Global said, "Expanding our sales
and manufacturing footprint in India
and in China with Omni-ID will further
enhance HID's ability to serve customers
locally, while extending our industrial IoT
technology into emerging markets."
Omni-ID was founded in 2007 and is based in Rochester, New York,
with around 170 employees globally and 2020 revenue of around $13m.
Advancis Software & Services
, the
German PSIM technology platform
manufacturer acquires the Irish
software company Cruatech based
in Dublin. Cruatech has a wide
experience in providing physical
security integration solutions and
integration services and will remain
as an independent company.The ac-
quisition strengthens Advancis' posi-
tion as an international market leader
in the field of vendor-neutral PSIM.
"A key factor in the decision to acquire Cruatech was its employees, who
have many years of experience in interface development, particularly in
the access control sector, but the human element was also immediately
convincing," comments Jan Meiswinkel, CEO, Advancis.
Nico Delvaux, CEO & President,
Assa Abloy, comments on this lat-
est acquisition.
Björn Lidefelt, Executive Vice
President and Head of Global
Technologies business unit HID
Global.
Back: Derek Cassidy (CTO, Cruatech),
Elisabeth Sherlock (CFO, Cruatech),
Andre Meiswinkel (COO, Advancis).
Front: David King, CEO, Cruatech)
and Jan Weiswinkel (CEO, Advancis).
Dormakaba acquires Solus Security
Systems Pvt Ltd.
Carrier Global sells Chubb fire.