Items Tagged with 'security merger'

National Monitoring Center (NMC), a third-party monitoring company in the U.S. with monitoring centers in Lake Forest, Calif., and Irving, Texas, announced the launch of a new global monitoring company following the merging of four monitoring companies with the backing of global private equity firm The Riverside Company.

ipDatatel and Resolution Products today announced a merger of the two companies. As part of the transaction, Robin Pederson will become chairman of the combined company.

A newly formed Johnson Controls began operations Sept. 2 following the successful completion of its merger with Tyco, marking a turning point for both companies.

Honeywell and United Technologies Corp. (UTC) have made several merger overtures since last year, but the most recent one happened in the last several weeks, according to The Wall Street Journal, and was rebuffed by UTC because of antitrust concerns.

Johnson Controls and Tyco entered into a definitive merger agreement under which Johnson Controls, a global multi-industrial company, will combine with Tyco, a global fire and security provider, and will together provide building products and technology, integrated solutions and energy storage.

 Zenitel, Oslo, Norway, a global leader and supplier of the VINGTOR® and STENTOFON® brands of communication systems, announced the unity of these two brands into one — VINGTOR-STENTOFON®. The two separate product brands were acquired by the Zenitel Group in 2001 with both having a rich history dating back to 1946. According to Kenneth Dastol, CEO Zenitel Group, the merging of the two will not affect Zenitel’s legal structure but will allow the Zenitel name to become less visible while the two well-known brands are presented on a consistently more prominent basis. 

The transaction was described by Chris Heath, principal of Mountain Acquisition, as a “perfect match of skill sets, culture and strategic vision that will allow the consolidated company to be greater than the sum of its parts.” MAC will move its administrative hub to Denver effective June 1, 2014 and will begin its integration of the two companies immediately.

Iverify, a provider of real-time remote security monitoring services, and Trans Alarm Security Services, a provider of life safety and property protection solutions, announced a merger resulting in one of the most comprehensive security product and service suites in the industry. Additionally, Securitas, announced it has made a minority investment in Iverify, which will result in an ownership position in the combined operations of Iverify and Trans Alarm.

Ken Darby, Vicon chairman and CEO, told SDM that both companies will maintain their existing branding and product lines for the time being, and both companies will continue to sell into and service their existing channels and customers.