Vanderbilt Industries, a global leader providing state-of-the-art security systems, announced today it has entered into an agreement to acquire Siemens’ Security Products business, part of the Siemens’ Building Technologies Division. The business will be renamed Vanderbilt International GmbH.
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 as Bewator and Cotag in the access control segment and Alarmcom and Europlex in the intrusion alarm space. The acquisition will significantly boost Vanderbilt’s market position in the European security systems market through a wider and more comprehensive range of products and solutions. Siemens’ Security Products (SP) complements existing Vanderbilt business portfolio as a leading supplier with widely recognized brands and long-term relationships with pre-eminent customers.