ACRE,
a global leader providing state-of-the-art security systems, announced
today it has entered into a definitive agreement to acquire RS2
Technologies in Munster, Ind. This purchase will enhance ACRE’s
strategic expansion plans for strengthening its access control business
and product portfolio.
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Following on from the recent acquisition of Open Options in December
of 2018, ACRE continues to build its access control strength and reach
in the North American market. -
ACRE’s portfolio now consists of Vanderbilt, Open Options, RS2 and
ComNet, providing a robust offering to meet the needs across many
verticals and the requirements of simple applications to very complex
enterprise systems.
RS2, founded in 1998 has long prided itself on the use of an open
architecture platform approach in order to provide a broad product
offering working with a multitude of technology partners. RS2 goes the
extra mile to address customer concerns and satisfy customer needs. RS2
has stayed in tune with the demands of the industry, listening to VOC
from both end users and installers. The RS2 platform was designed to
easily integrate with other security system components.
ACRE’s CEO, Joseph Grillo, stated that this transaction continues to
expand ACRE’s competitive position in a highly fragmented market with
great growth potential. “The acquisition of RS2 boosts ACRE’s portfolio
in the access control market and provides us one more seat at the table
in a highly competitive market with many companies vying for the same
work,” commented Grillo. “ACRE will continue to look for strategic
opportunities to build the portfolio with complementary, albeit
competitive, acquisitions.”
“This is a great opportunity for RS2 to further expand our customer base
and leverage the benefits of being a part of a broader ACRE portfolio,”
said David W. Barnard, Director of Dealer Development/Partner. “We are
excited to be joining the ACRE family and this will help push RS2 to the
next level, and more quickly achieve our 2025 growth goals.”
Financial details of the transaction were not released. The transaction
is expected to close by the end of April 2019.
About ACRE:
ACRE is a global leader in the delivery of integrated technologies and
services. Since its formation in 2012, ACRE has played an instrumental
role in the development and implementation of security technology
initiatives on a global scale. Its Vanderbilt, Open Options and ComNet
brands deliver advanced solutions to thousands of customers around the
world. Today, ACRE employs more than 425 employees in more than 20
countries. For more information, visit www.acre-co.com.
About RS2:
RS2 Technologies, headquartered in Munster, Indiana, is a
technology-driven manufacturer of cutting-edge access control hardware
and software. The company’s hardware line includes a wide range of
system control processors, input/output modules, multiplexers,
enclosures, card readers, and proximity and smart cards. RS2 also offers
the industry’s most advanced, easy-to-use software with its Access It!®
line of access control software. As one of only four worldwide Platinum
Elite Partners of Mercury Security, RS2 utilizes Authentic Mercury™
hardware to provide users around the world with the most powerful open
platform access control solution available today. RS2 is a Windows
Embedded Partner and a Microsoft Certified Partner with ISV (Independent
Software Vendor) software solutions competency status.
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