Alarm.com (Nasdaq: ALRM) announced the acquisition of EBS, a specialist in the design and manufacturing of smart communicators that are said to be widely deployed in international markets.
The acquisition is said to amplify Alarm.com's capabilities in delivering advanced security technologies across various international markets.
Integrating with EBS smart communicators will expand Alarm.com’s support for legacy security control panels that are widely deployed in international markets, according to the announcement. This is said to provide Alarm.com service providers with a cost-effective solution for efficiently deploying the company’s advanced connected property solutions.
“By leveraging the strengths of both EBS and Alarm.com, we are confident in our ability to deliver superior security solutions, support our service providers, and build on our competitive edge in the global market, all while collaborating with the experienced and knowledgeable teams at EBS,” stated Aydin Bolkar, vice president of international operations at Alarm.com.
EBS was founded over 30 years ago and has built a strong reputation for its high-quality manufacturing of smart communicators. As part of the Alarm.com family, EBS will gain access to a robust global network, innovative research, and a vast portfolio of smart home and business security solutions.
"This merger promises numerous benefits and we are confident that it will substantially enhance our capacity to serve our customers even better," stated Krzysztof Stalewski, CEO at EBS.
EBS will continue to operate independently and the current management team at EBS will lead the business from its headquarters in Warsaw, Poland, and maintain a manufacturing facility in Elk, Poland.
