ACRE, a security system provider, announced today it has entered into a definitive agreement to acquire Open Options based in Addison, Texas. This purchase will enhance ACRE’s strategic expansion plans for strengthening its access control business and product portfolio.
This is the latest merger and acquisition activity since ACRE completed the acquisitions of ComNet (Danbury, Conn.) and Access Control Technologies (Dublin, Ireland) businesses in 2016. Open Options will significantly increase ACRE’s position in the access control market, with emphasis on North America.