ACRE announces the sale of Mercury Security Products

Written by 
Published in Industry News
  • font size decrease font size decrease font size increase font size increase font size
  • Print
  • Email

In a strategic move, ACRE divests of Mercury Security Products to HID Global

Las Vegas, Nevada, Sept. 18, 2017: Access Control Related Enterprises, LLC (ACRE), owner of Vanderbilt, a manufacturer of access control, intrusion and video solutions, and ComNet, a manufacturer of video and data transmission equipment,  has announced the sale of Mercury Security Products (Mercury) to HID Global (HID), a subsidiary of ASSA ABLOY, AB.

ACRE CEO Joseph Grillo stated, “Divesting Mercury after many years of success since ACRE purchased the business in 2013 is a strategic move that allows ACRE to focus on its core Access Control, Video and Intrusion businesses under the Vanderbilt and Comnet brands. HID is the perfect home to provide for the continued growth and success of Mercury, which will remain a valued technology supplier to Vanderbilt.”

The ACRE portfolio consists of global brands with proven technologies, a long acclaimed reputation for innovation and a high level of customer service and support. Vanderbilt provides over 2,000 products across access control, intrusion, video and cloud-based access and video systems in 95 countries.  ComNet offers a broad line of fiber optic, copper, and wireless video and data transmission equipment designed for security and surveillance applications in intelligent transportation systems, utility and industrial markets.

HID’s acquisition of Mercury Security is subject to regulatory approval and customary closing conditions. It is expected to close in Q4 2017. Financial terms of the agreement are not being publicly disclosed. Houlihan Lokey Capital, Inc. and Raymond James & Associates, Inc. acted as financial advisors to ACRE and Mercury.

Full Name


Email Address


Bosch Corner

Does your office security system have the power of foresight?

Does your office security system have the power of foresight?

If you’re responsible for a medium or large-sized office, it’s more important than ever that...

Bosch Security and Safety Systems & ISS

Bosch Security and Safety Systems & ISS

Transportation: License Plate Capture, Innovating Security Where you need it most.

Intelligence broadcast

Intelligence broadcast

As more and more people move into cities worldwide and people have an ever increasing...

Event News

Next Events

BSIA Spotlight

First prize

First prize

Recognising the outstanding work of the industry.

A new revolution in call handling

A new revolution in call handling

The Electronic Call Handling Operation (ECHO) project looks to take up the challenge of integrated...

Data destruction

Data destruction

Seeking professional help in disposing of your data is a wise investment, but what exactly...

IPSA Features

The Challenges with security in university accommodation

The Challenges with security in university accommodation

By Jane Farrell, FM Development Manager, Sodexo and Chairman International Professional Security association (IPSA)

Recognising the contribution of contract security

Recognising the contribution of contract security

Following on from recent terror attacks in the UK, there has been a lot of...

Debunking Cyber Security

Debunking Cyber Security

Over the last few years companies have started to realise that cyber security is a...

MEB Media Limited

13 Princess Street,

Maidstone,Kent

ME14 1UR

United Kingdom

http://www.mebmedia.co.uk/

 

Site Map

Monthly Newsletter Signup

Full Name


Email Address