Vanderbilt establishes HQ in Germany
Vanderbilt has established its international headquarters in Wiesbaden, Germany. This move signals the company’s intent to become the most agile and customer-focused integrated security systems manufacturer in Europe.
Vanderbilt’s plan to establish its international headquarters in Germany was originally communicated last October when the company announced it signed a Purchase Agreement to acquire Siemens’ Security Products, part of the Siemens Building Technologies business. The acquisition, scheduled to close by the end of the first quarter of 2015, expands Vanderbilt’s global presence in the security industry.
The new international headquarters, housed in a 3,466-square-foot modern office block, will provide its sales offices in 17 European countries with corporate support functions formerly provided by Siemens corporate entities in those countries. The facility accommodates executive management, group finance and controlling, and support staff, and is located less than 15 minutes away from Frankfurt Airport.
“Vanderbilt Industries is focused on continuing and improving its support of its long-term relationships with technology partners, end users, distributors and integrators within the European market and throughout the world,” said Joe Grillo, CEO, Vanderbilt. “Establishing our international headquarters in Germany is a major step toward facilitating stronger relationships with our customers abroad and ensuring the success of our long-term growth strategy of expanding market reach. It will also provide the basis for significant incremental growth in new international markets over the next several years.”
Siemens SP consists of products in the access control, intrusion alarm, and video surveillance categories, which complement Vanderbilt Industries’ fully integrated product offerings. The acquisition includes such well-known and established brands or systems as SiPass Integrated, SiPass Entro, Omnis, Bewator and Cotag in the access control segment and Alarmcom and Europlex in the intrusion alarm space. This not only expands Vanderbilt’s product offering and geographic market coverage, but the addition of SP represents significant value potential with its established installed base of customers and loyal resellers. The market trend is for integrated security management systems and more open solutions from trusted suppliers and SP provides a vehicle to offer these solutions to a broader customer base.