Tag Archives: Ingersoll Rand

ACRE CEO Joe Grillo inducted into SSI Hall of Fame Class of 2018

ACRE, the provider of security products and solutions for the access control, intrusion, smart traffic and video surveillance markets, has announced that CEO Joe Grillo has been inducted into the Security Sales and Integration (SSI) Industry Hall of Fame Class of 2018. Grillo joins nearly 100 security leaders recognised for their “unforgettable impact on the industry” over the course of their career.

Founded in 2004, the SSI Industry Hall of Fame represents the highest honour for extraordinary professionalism, conduct and achievement, paying tribute to individuals who are instrumental in improving the security industry. Inductees are nominated by past inductees and other luminaries, citing the impact each has had over a long and illustrious career.

Grillo, a 30-year electronic access control manufacturing veteran, was chosen for his proven track record of growing, acquiring and restructuring businesses.

JoeGrilloACRE

Joe Grillo

“Growing sales in a highly competitive market is difficult, but I thrive on successfully meeting the goals of an organisation through development and profitability,” explained Grillo. “I’m honoured to be recognised by the Industry Hall of Fame alongside an incredible group of hardworking executives. Throughout my career, I’ve been fortunate to be able to enjoy what I do.”

Grillo was instrumental in helping HID grow from a $15 million card and reader company to a dominant $100 million-plus industry leader by 2000, also leading the effort to sell HID to ASSA ABLOY in 2001.

In 2012, he founded ACRE LLC as a platform to consolidate electronic security acquisitions, forming Vanderbilt out of the Ingersoll Rand Software and Controllers product portfolio while adding Siemens AG’s former Security Products Division, Access Control Technologies and ComNet.

Grillo also added Mercury Security and later re-sold to HID Global in 2017.

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Vanderbilt Industries agrees to acquire Siemens’ Security Products business

State-of-the-art security systems provider Vanderbilt Industries announced today that it has entered into an agreement to acquire Siemens’ Security Products business, which is part of the Siemens Building Technologies Division.

Under the terms of the deal, the combined offer would be renamed Vanderbilt International. Joseph Grillo would become the company’s managing director working out of new operational headquarters in Germany.

Grillo is a 30-year veteran of the electronic security and identification industries with a track record of successfully growing, restructuring and acquiring businesses. He began his career in the 1980s working at security and fire alarm manufacturing and systems integration companies including Kidde Automated Systems, NCS and Security Specialists.

In 1993, Grillo was appointed national sales manager for the HID Corporation and participated in the management buy-out of HID from Hughes Aircraft/General Motors in 1995. From 1995 to 2001, Grillo served as executive vice-president of sales and marketing and also COO, eventually becoming president as HID grew from a $15 million card and reader company to the dominant $100 million industry leader that it is today.

This latest acquisition would significantly boost Vanderbilt’s market position in the European security systems sector by dint of a wider and more comprehensive range of products and solutions being realised. Siemens’ Security Products business complements the existing Vanderbilt business portfolio as a leading supplier boasting widely recognised brands and long-term relationships with pre-eminent customers.

Joseph Grillo

Joseph Grillo

Broadening the business’ competitive position

Joseph Grillo has stated that this transaction will considerably expand Vanderbilt’s presence in the security sector by broadening the company’s competitive position in what is a highly fragmented market with great growth potential.

“The acquisition of Siemens’ Security Products business, which fits perfectly with our own corporate strategy, matches Vanderbilt’s solid foundation and strong legacy built from nearly three decades of operation in the security world,” explained Grillo.

“Vanderbilt saw an opportunity to expand its product offering and geographic market coverage. The addition of Siemens’ Security Products represents significant value potential given its established installed base of customers and loyal resellers. The market trend is for integrated security management systems and more open solutions from trusted suppliers. Security Products clearly provides a vehicle for offering these solutions to a broader customer base.”

Access control, intruder alarm and video surveillance solutions

Siemens’ Security Products business covers solutions in the access control, intruder alarm and video surveillance categories, in turn complementing Vanderbilt Industries’ fully-integrated product offerings.

The acquisition encompasses such well-known and established brands as Bewator and Cotag in the access control sector and Alarmcom and Europlex in the intruder alarm space.

Financial details of the transaction have not been released. The transaction is subject to customary closing conditions. The closing of the transaction is expected to occur by the end of the first quarter of 2015.

Vanderbilt Industries has agreed to acquire Siemens’ Security Products business

Vanderbilt Industries has agreed to acquire Siemens’ Security Products business

A subsidiary of ACRE LLC (which acquired the company from Ingersoll Rand in 2012), Vanderbilt Industries offers an innovative approach to access control technology – from design and manufacturing through to distribution. The company’s mission is to make environments safe, secure and easy to maintain.

Vanderbilt’s products range from single-user systems so simple that they can be installed in one day through to highly customised applications fitting the bespoke requirements of leading multinational corporations.

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