Pelco Inc. has signed an agreement to sell the Intelli-M® Electronic Access Control product line to infinias, LLC, a newly formed independent developer of access control systems for the commercial security market.
The sale, including intellectual property, assets and products in development related to the Intelli-M product line, is expected to close on March 16.
The spin off comes on the heels of Pelco’s recent decision to exit from the access control business and close its facility in Indianapolis where the Intelli-M products are manufactured.
Wayne Jared, Pelco vice president of electronic access control (EAC) engineering, will lead infinias as president and CEO. Other key members of the Pelco EAC team based in Indianapolis will also join the new company.
“Infinias, like Pelco, is committed to our customers and to providing continued support for today’s Intelli-M products,” Jared says. “We will also develop new simple, scalable and secure products to meet the future needs of the EAC market.”
Until the transition is complete Pelco dealer and distributor customers will continue to purchase products and obtain support for warranty and repairs direct from Pelco. At the close of the sale, infinias will take over all sales and support, including warranty support for Intelli-M products previously sold by Pelco.
Pelco for several years developed and marketed its own access control technology prior to being acquired by Schneider Electric in 2007. After the acquisition, Schneider consolidated its Indianapolis-based access control company Integral Technologies into Pelco.
First announced to employees on Jan. 30, Pelco’s decision to exit the access control business was based, in part, on the current economic conditions.
“Pelco decided that the best way to serve our customers is to stay focused on our core video products, and to spin off the access control business unit to infinias, LLC who, as the current development team, are best suited to maintain and expand the Intelli-M access control business,” says Dean Meyer, president and CEO of Pelco. “We will work with infinias, LLC to ensure that this transition is as smooth as possible.”