Triton, owner of Acre Security, has signed an agreement to acquire the security and communications technology product business from Bosch Group (BSCT). 

The transaction is subject to regulatory approvals and further customary closing conditions. It is expected to close by the end of the first half of 2025. Bosch operates in globally with approx. 4,300 employees in 90 locations and generates more than €1 billion in revenue. Bosh’s offering comprises intelligent product solutions in the areas of video surveillance, access and intrusion control as well as professional communication, represented through brands such as Dynacord, Electro-Voice, RTS, and Telex.

Acre Security said in a statement, “While Acre Security and Bosch will remain independent, standalone companies under Triton’s ownership, we’re excited about the potential to collaborate and share best practices as part of the broader Triton portfolio.”

Triton continues to add to its security portfolio having acquired Wavelynx Technologies in Oct. of 2023 and Acre Security in March of 2021.

Christian Fischer, deputy chairman of the board of management, Robert Bosch GmbH, said, “It was our aim to find a suitable buyer who will acquire all three security and communications technology business units and offer their associates an outlook for the future. We have achieved that aim. Triton has presented a sustainable and credible growth strategy for the business. As an investor, moreover, it can provide a high level of industrial expertise and many years of experience in taking comparable companies forward.” 

“BSCT is at the core of our investment strategy to further develop market leading companies while security and professional audio are focus areas within Triton’s Building Technology sector strategy,” said Sachin Jivanji, investment advisory professional, Triton. “We do see significant market growth in the years ahead and believe BSCT is well positioned to capitalize on this. Our goal is to invest in the company’s brands, technology, sales force, and go-to-market strategies.”

In a statement, the Bosch Building Technologies division said its focus is on its regional integrator business, with solutions and services for building security, energy efficiency, and building automation. Bosch Building Technologies said its goal is to become a globally leading supplier of systems integration and to seize the attractive opportunities for growth in this segment. The product business with fire-alarm systems is to be merged with the integrator business and continued, the announcement states.

Peter Loeffler, CEO, Bosch Building Technologies’ product business, said, “With Triton as our new owner, its expertise and support we will have a strong base for further, profitable growth. We will work together to push ahead with innovations in the security and communications area — to the usual high quality standards and with comprehensive expertise. The entire team is looking forward to making our new company a success and will remain a reliable partner for our customers.”