In past years, the end of a calendar year signaled “acquisitions season.” As the year ends and companies endeavor to take advantage of much needed tax breaks, the industry typically is flooded with news of mergers and acquisitions (M&A). In recent recession years, this seemed an indication of the security industry’s resilience and ability to thrive while other industries faltered. However, 2011 seemed quieter than others and we set out to find out why, while the industry continues to do well, merger and acquisition activity is down.
After spending more than 35 years holding various positions at the lighting control manufacturer Lutron, Coopersburg, Pa., Michael Pessina was named president.
Talk-A-Phone Co., Niles, Ill., a supplier of emergency communications and mass notification solutions, completed interoperability testing with the International Fiber Systems (IFS) transmission, fiber optic and Ethernet products from Interlogix.
Kratos Defense & Security Solutions Inc., San Diego, a national security solutions provider, announced that it acquired selected assets of an unnamed critical infrastructure security and public safety system integration business from a large international public company. Speculation around the industry points to Ingersoll Rand Security Technologies, but neither company agreed to comment.
The New York Fire Alarm Association announced that it had its most successful holiday toy drive in all the years that its “devoted industry team” has done this. The group was able to “deliver bountifully to four burn centers and one pediatric unit.”
Vector Security Inc., Pittsburgh, Pa., announced that it entered into a strategic marketing relationship with Spacenet Inc., McLean, Va., to make managed network services available to Vector Security’s national accounts and commercial customers, and introduce Spacenet’s customers to the wide array of interactive security products and services available from Vector Security.
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