Morse Watchmans Acquired by Private Investment Firm TouchPoint
Morse Watchmans will join TouchPoint’s Intelligent Inventory Management platform, which focuses on developing inventory management solutions
Morse Watchmans was acquired for undisclosed terms.
OXFORD, Conn. — Morse Watchmans, a provider of key control and asset management systems, announces it has been acquired by TouchPoint, a privately-held diversified global growth company.
Terms of the transaction were not disclosed.
Based in Concordville, Pa., TouchPoint focuses on engineered products in growth markets where the touch point is a differentiating factor, according to the company’s website. The firm’s portfolio includes Southco, a manufacturer of engineered access hardware solutions, including locks, latches and other accessories for applications across diverse industries such as healthcare, industrial machinery, telecommunications and mass transportation.
Morse Watchmans will join TouchPoint’s Intelligent Inventory Management platform, which focuses on developing inventory management solutions that enable the secure, accurate and efficient management of consumable inventory and high value assets in a variety of end markets.
“We are thrilled to become a part of the TouchPoint portfolio, which will help us to drive value to a greater audience through our key and asset management solutions,” says Tim Purpura, Morse Watchmans, vice president of global sales and marketing. “Asset management is a fast-growing segment of the security market, and we will continue to develop innovative technology solutions that serve this segment.”
Morse Watchmans’ suite of key and asset management products includes KeyWatcher Touch, KeyWatcher Fleet for fleet management applications, AssetWatcher for small valuables and devices, KeyPro Software, KeyRings and more.
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