Vanderbilt buys Access Control Technology
Vanderbilt continues with its strategic expansion plans to strengthen its access control business and product portfolio. The security systems provider has agreed to acquire Access Control Technology Ltd. (ACT), based in Dublin, Ireland.
Vanderbilt’s previous M&A activity included the acquisition of the Siemens Security Products business in 2015.
ACT will significantly increase Vanderbilt’s market position in the access control market, with emphasis in Ireland and the UK. The company has plans to enter the North American market. ACT specializes in the design and manufacture of electronic access control, video management, and door entry systems.
“The acquisition of ACT boosts Vanderbilt’s reach in the access control market and enhances our product portfolio with the addition of a cloud-based access control system and a tightly integrated VMS,” explains Vanderbilt’s CEO, Joseph Grillo. “With the integration of the Siemens business complete, it was time to look at new opportunities.”
“We are pleased to have the opportunity to be part of a larger and strong international organization which will open exciting new market opportunities for the ACT product range,” says David Tymlin, ACT managing director. “In the course of just a few years, Vanderbilt has established itself as a fast-growing market leader and we recognized a wonderful opportunity to become part of their future success.”
Financial details of the transaction were not released. The transaction is expected to close in the fourth quarter of 2016.