Dormakaba News
Rapid changes in the physical security market this year have largely overshadowed one arena where change has slowed down in 2017 – mergers and acquisitions (M&A). Although there were no “mega-mergers” as in years past (such as Axis-Canon and Johnson Controls-Tyco, M&A activity still made headlines last year on SourceSecurity.com. In 2017, we wrote about M&A news involving companies such as HID Global, Eagle Eye Networks, ADT, and Honeywell. ...
The sale includes the commercial hardware brands of BEST Access, phi Precision and GMT Stanley Black & Decker, an S&P 500 global diversified industrial company, announced that it has entered into a definitive agreement to sell the majority of its Mechanical Security businesses to dormakaba for $725 million in cash. The sale includes the commercial hardware brands of BEST Access, phi Precision and GMT, which together represented LTM revenues and EBITDA of approximately...
