This week in our Fire & Security industry news round-up we cover recent acquisitions within security sector, a growth of security control room market, the future of Intruder Alarm / Perimeter Protection products and more…
We’d love to take our news round-up to the next level this year and provide something for the whole of the security and fire industry, as well as throwing some of our own insight and expert advice. Do let us know your comments on the news round-ups and anything you’d like to read in the coming weeks.
Assa Abloy has acquired Dale & Excel
Assa Abloy has acquired Dale Hardware and Excel Architectural Hardware through its acquisition of the Progress Ventures Group (“Dale & Excel”), the leading suppliers of architectural hardware to builder’s merchants in the UK. “Dale & Excel offer an extensive high-quality range of architectural hardware products with a strong track record of innovation. Their portfolio will extend the UNION offering into the commercial market in the UK.” Sales for 2018 are expected to reach around £19 million (approx. SEK 210 million) with a good EBIT margin and the acquisition will be accretive to EPS from start.
(Security World Market, 06/02/2018)
Ares Management acquired by Convergint Technologies
Convergint Technologies, a leading systems integrator that itself has been on a buying spree the past two years, has been acquired by Ares Management. Convergint, provides comprehensive security integration and fire/life-safety services in more than 80 locations across four continents. With 14 acquisitions since 2016, Convergint has strategically grown its service footprint in the United States, Canada & Europe by acquiring regional market leaders. The transaction will enable Convergint to further its growth initiatives as a leading global independent systems integrator.
(Security Sales & Integration, 05/02/2018)
Security Control Room market is growing
Researchers from Marketsandmarkets predict that the security control room market will grow from $7.20 billion in 2018 to $10.00 billion by 2023, at a CAGR of 6.80% between 2018 and 2023. The main roles in the market growth are played by government initiatives, modernised policies, and regulations to increase public security and safety worldwide, as well as the increasing need to keep an eye on criminal activities and forecast natural disasters to avoid huge losses. North America held the largest share of the security control room market in 2017 and is expected to continue this trend.
(Security World Market, 07/02/2018)
The future of Intruder Alarm / Perimeter Protection products
Memoori’s latest research found that Intruder Alarm / Perimeter Protection (IAPP) products reached $6.43Bn in 2017 and will grow at a CAGR of approximately 3% to $7.5Bn in 2022. This is a mature market that has struggled for significant growth in the last decade and within the physical security business has lived under the shadow of Video Surveillance and Access Control products. Whilst the pure Intruder Alarm sector of the business has lost much of its attraction to the developments and usage of Video Surveillance and Access Control a much more confident and stronger IAPP industry is now in place.
What drives a growth of the Internet of Things?
According to the latest research by IHS Markit, the number of connected Internet of Things (IoT) devices globally will grow to more than 31 billion in 2018. The commercial and industrial sector, powered by building automation, industrial automation and lighting, is forecast to account for about half of all new connected devices between 2018 and 2030. “The IoT is not a recent phenomenon, but what is new is it’s now working hand in hand with other transformative technologies like artificial intelligence and the cloud”. IHS Markit identifies four key drivers and the trends that will impact the IoT this year and beyond…
(Security World Market, 06/02/2018)
Dahua buys Lorex Business from FLIR
FLIR has completed a sale of its Lorex subsidiary to Dahua for approximately $29 million in cash. “This divestiture will focus our security business on critical infrastructure and enterprise segments of the broader security market, which are attractive customer bases for our differentiating technologies,” says FLIR President and CEO Jim Cannon. “As we assessed our position and opportunities in the security and surveillance space, we determined that this business no longer fits our strategy to build intelligent, turn-key security solutions that are based on multiple wavelengths.”
(Security Sales & Integration, 06/02/2018)
Our weekly fire and security news round-up regularly feature supplier news, product launches, events, our own articles, and much more. Check back each week to catch up on the industry news affecting the fire & security sector collated by our team of fire & security recruiters.
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