ACRE Acquires RS2 Technologies to Expand North American Reach
The deal for RS2 follows the recent acquisition of Open Options as ACRE continues to build its access control market share.
LAS VEGAS — ACRE, a global provider of security systems, announced Thursday it has entered into a definitive agreement to acquire RS2 Technologies for undisclosed terms.
Based in Munster, Ind., RS2 Technologies is a manufacturer of 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.
In an announcement, ACRE states the purchase will enhance its strategic expansion plans for strengthening the holding company’s portfolio of access control businesses. The portfolio includes Vanderbilt, Open Options and ComNet.
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, according to the announcement. The RS2 platform was designed to easily integrate with other security system components.
ACRE’s CEO, Joseph Grillo, says the transaction continues to expand the company’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,” Grillo continues. “ACRE will continue to look for strategic opportunities to build the portfolio with complementary, albeit competitive, acquisitions.”
The deal creates “a great opportunity” for RS2 to further expand its customer base and leverage the benefits of being a part of a broader ACRE portfolio, explains RS2 Director of Dealer Development David Barnard.
“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,” Barnard says.
The transaction is expected to close by the end of April.
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