dormakaba has signed an agreement to acquire certain mechanical security businesses from Stanley Black & Decker for a total consideration of $725 million in cash. The transaction encompasses Stanley Commercial Hardware spanning mainly across North America and including a production facility in Taiwan, as well as GMT in China.
ACRE LLC, the holding company that owns Vanderbilt Industries, Mercury Security and recently acquired ACT in Ireland, announced the acquisition of Communication Networks LLC, a manufacturer of video and data transmission equipment.
3M has entered into agreements to sell its Identity Management Business for $850 million to Netherlands-based Gemalto, a global provider of digital security.
Leviton acquired ConTech Lighting, a Chicago-based manufacturer of high-performance and sustainable lighting solutions and fixtures. Leviton reported this acquisition continues its strategic growth in lighting and expands its product offerings and solutions.
SnapAV has acquired Visualint in a move that adds intelligent video surveillance products and services to complement their existing Luma analog and IP surveillance line, the company reported.
Burtel Security & Fire Systems, a locally owned security company in the metropolitan Washington D.C. and Baltimore areas, acquired Solid State Systems on September 29, 2016.
Vector Security, a provider of intelligent security solutions to both residential and business customers and ranked No. 5 on the SDM 100, has entered into a $300 million credit agreement.
On October 22, AT&T Inc. said it agreed to buy Time Warner Inc. for $85.4 billion. However, then Republican presidential nominee Donald Trump vowed at a rally to block the deal if he won, saying, “It’s too much concentration of power in the hands of too few.”
