IR Acquires China-based Security Leader
Ingersoll-Rand Co. Ltd., Hamilton, Bermuda, a diversified industrial firm, announced a definitive agreement to acquire an 80 percent share of Shenzen Bocom System Engineering Co. Ltd., a China-based provider of security-systems integration technologies and services.
Headquartered in Shenzen, with branch offices in Beijing and Shanghai, Bocom System is the largest independent security systems integration company in China. The business supplies security-systems design, engineering, installation and integration, including expertise in video monitoring solutions for city and highway traffic, airports, government buildings and general surveillance.
The business will operate as part of the Integrated Systems Solutions business of Ingersoll Randâ€™s Security Technologies Sector. The sectorâ€™s market-leading products include electronic and biometric access control systems; time and attendance and personnel scheduling systems; mechanical locks and portable security; door closers and exit devices; steel doors and frames; architectural hardware; and technologies and services for global security markets.