Vanderbilt Industries, the security product manufacturer, has completed the acquisition of Security Products from Siemens, as first announced in October 2014. The purchase fits with Vanderbilt’s strategic expansion plans and the new operation will be based in Wiesbaden, Germany, with Joseph Grillo as its Managing Director.
Grillo said: ‘The acquisition of Security Products from Siemens builds upon Vanderbilt’s solid foundation and strong legacy built from nearly three decades in the security industry. I’m delighted that we have been able to finalise this purchase on schedule. It will significantly boost our market position in Europe by offering a wider and more comprehensive range of products and solutions to our channel partners.’
The Siemens product ranges – which include access control, intrusion alarm, and video surveillance products – were identified as a good fit for Vanderbilt. Vanderbilt adds that the Siemens product brand names, such as Aliro (pictured), SPC and Vectis are widely recognised, have a loyal customer base, and therefore does not plan to change them in the foreseeable future.
The company says the buy will also enhance its competitive position in what it calls a highly fragmented market with great growth potential. With coverage in the mature markets of North America and Europe, Vanderbilt is now looking to expand further into other areas including South America and Asia Pacific.
Grillo added: ‘We’re the only independent business with proven capability operating at this level in the industry and have retained the ability to provide a level of service that is agile, flexible and meets our customers’ needs. We understand the requirements of local markets, with an unmatched range of national approvals and multi-lingual capability. However, we also offer the benefits of a larger organisation, such as products that are easy to install and maintain, availability through established distribution channels and a commitment to reinvest at least 10 per cent of our annual revenue into new research and development programmes. We will bring a refreshing perspective to an industry that is changing rapidly and showing continued growth.’
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And at Siemens Building Technologies Division René Jungbluth, global head of the solutions business, said: “We will continue to offer our own security products from our broad Siveillance portfolio as well as the security element for our command and control platform Desigo CC. Security solutions are a fundamental pillar of our offering. By focusing on our state-of-the-art software-based security solutions, we are expanding our traditional strengths in the solutions business. We remain a strong and reliable technology partner for our extensive customer base.”
