The combined entities are said to create a strong position in security, A/V and smart living technology distribution for residential and commercial markets.
Proceeds from the sale to Vitaprotech are said to strengthen Identiv’s financial position, generating capital to fund future organic and inorganic growth of its specialty IoT solutions business.
The acquisition will increase Convergint’s North American presence and deepen service capabilities for customers in utilities, healthcare and data center markets.
The acquisition of The Broadway Company represents an opportunity for Latch to operate the entire property stack from physical management to advanced technology solutions.
The acquisition of fire sprinkler and alarms provider Absolute Fire Protection strengthens Pye-Barker's presence in the Washington, D.C.-Baltimore metro area and beyond.
Along with Pye-Barker's existing fire protection, security and alarms presence in the Tampa Bay area, these additions will help Pye-Barker offer full fire code-compliant services to additional customers and will benefit existing customers in the region.
With the acquisition of S3, a systems integrator with four locations in N.C, Virginia and Pennsylvania, Minuteman says it becomes the largest Eastern U.S. super regional independent full-service provider.
The transaction represents the latest step in Carrier's ongoing portfolio transformation, following the recent acquisition of Viessmann Climate Solutions and the recently announced agreements to sell Carrier's Global Access Solutions business to Honeywell.