ASSA ABLOY Global Solutions is announcing the acquisition of Axxess Industries Inc., a provider of electronics and smart technologies engineered for the needs of hotel and residential environments.
The combined entities are said to create a strong position in security, A/V and smart living technology distribution for residential and commercial markets.
According to the announcement, this strategic move significantly enhances JM Resources’ presence within its geographical footprint, allowing for expanded full-service fire and life safety solutions to complement its existing client base.
Working with Aspire Software, Valsoft’s operating division, WeSuite will have the opportunity to further strengthen its presence in the market while being ideally positioned for significant product and service improvements while leveraging the Valsoft network.
Proceeds from the sale to Vitaprotech are said to strengthen Identiv’s financial position, generating capital to fund future organic and inorganic growth of its specialty IoT solutions business.
The acquisition will increase Convergint’s North American presence and deepen service capabilities for customers in utilities, healthcare and data center markets.
The acquisition of The Broadway Company represents an opportunity for Latch to operate the entire property stack from physical management to advanced technology solutions.
