VITAPROTECH Group Acquires VAUBAN SYSTEMS
VITAPROTECH Group, a provider of security for critical sites, continues its European development with the acquisition of VAUBAN SYSTEMS, a provider of “100% made in France” access control products and systems. This acquisition, which is the third one to be completed by the group in the past three months, allows the VITAPROTECH Group to double the size of its access control activity and achieve a consolidated turnover of more than 50 million euros.
Created in 2009, VAUBAN SYSTEMS is positioned as a designer of biometric readers and hardware, publisher of monitoring software and provider of technical services. Its solutions power biometric identification and recognition systems, Web-based visitor management, paid-access systems, vehicle license plate recognition and other applications. The company also has an accredited training center for its 3,000 installers.
“This agreement with VAUBAN SYSTEMS is an opportunity for an internationally oriented group to join forces with a fast growing French company anchored in innovation and connected solutions,” said Eric Thord, president of VITAPROTECH Group. “Our companies complement each other in many ways, including product development, sales staff and management. This acquisition fits very naturally with our growth momentum which has now positioned us as the leader in our market.”
The founders will take on operational management roles at VITAPROTECH Group and will invest in the project as shareholders.
“This acquisition enables us to pass an essential milestone for the company, founded only 10 years ago, and to ensure its continuing development,” said Jean-Claude Bultel, president of VAUBAN SYSTEMS. “VITAPROTECH Group has in-depth knowledge of the access control business and we have the assurance of continuity, both for our internal teams and for our customers.”