ADI, The Security division of Honeywell International is to acquire leading distributor Gardiner.

The acquisition of Gardiner Groupe Europe will strengthen ADI's distribution scope throughout Europe. Gardiner Groupe Europe, based in Paris, is a leading distributor of CCTV, fire alarm, intruder alarm, access control and PA systems with 75 branches in ten European countries. Over the past couple of years the group has expanded its product portfolio and its reach into new European countries.

Said Group CEO Jean-Francois Gazielly: "In the present trend of consolidation of the professional security market this acquisition is a vote of confidence and recognition of our performance as a leading company in our field and I believe there will be great opportunities for Gardiner"

Tom Polson, president of ADI said: " By expanding our global presence we'll improve our efficiencies, broaden our inventory and develop programs that directly benefit our customers, we will deliver a value unmatched by anyone."

Honeywell began expanding its ADI distribution business into Europe last year by emulating ADI's successful model from the North American market. Gardiner Groupe Europe is being acquired from its owner Electra Partners Europe, a private equity firm. Financial terms have not been disclosed.

Source

Security Installer