Honeywell and United Technologies Corp. (UTC) have made several merger overtures since last year, but the most recent one happened in the last several weeks, according to The Wall Street Journal, and was rebuffed by UTC because of antitrust concerns.
Johnson Controls and Tyco entered into a definitive merger agreement under which Johnson Controls, a global multi-industrial company, will combine with Tyco, a global fire and security provider, and will together provide building products and technology, integrated solutions and energy storage.
Zenitel, Oslo, Norway, a global leader and supplier of the VINGTOR® and STENTOFON® brands of communication systems, announced the unity of these two brands into one — VINGTOR-STENTOFON®. The two separate product brands were acquired by the Zenitel Group in 2001 with both having a rich history dating back to 1946. According to Kenneth Dastol, CEO Zenitel Group, the merging of the two will not affect Zenitel’s legal structure but will allow the Zenitel name to become less visible while the two well-known brands are presented on a consistently more prominent basis.
Mountain Acquisition Co LLC (MAC) announced that it closed a merger with Rocky Mountain Security Services Inc.,
June 9, 2014
The transaction was described by Chris Heath, principal of Mountain Acquisition, as a “perfect match of skill sets, culture and strategic vision that will allow the consolidated company to be greater than the sum of its parts.” MAC will move its administrative hub to Denver effective June 1, 2014 and will begin its integration of the two companies immediately.
Iverify, a provider of real-time remote security monitoring services, and Trans Alarm Security Services, a provider of life safety and property protection solutions, announced a merger resulting in one of the most comprehensive security product and service suites in the industry. Additionally, Securitas, announced it has made a minority investment in Iverify, which will result in an ownership position in the combined operations of Iverify and Trans Alarm.
Vicon Industries Inc. and IQinVision Inc. have entered into a definitive merger agreement.
May 20, 2014
Ken Darby, Vicon chairman and CEO, told SDM that both companies will maintain their existing branding and product lines for the time being, and both companies will continue to sell into and service their existing channels and customers.
Gone are the days when cybersecurity was someone else’s problem. With savvy and tenacious hackers who can use almost anything connected to a network to access systems, and evolving and seemingly implacable threats, just where does the security industry stand on the cyber preparedness spectrum? Read more stories in September Issue 2017.