Vanderbilt Industries Acquires Siemens’ Security Products Business

The transaction will significantly expand the company’s European footprint. Well-known industry veteran Joe Grillo is named managing director.

Parsippany, N.J. & Frankfurt, Germany ― Vanderbilt Industries announces it has entered into an agreement to acquire Siemens’ Security Products business, part of the Siemens’ Building Technologies Division. The business will be renamed Vanderbilt Int’l. Security industry veteran Joseph J. Grillo will be managing director, working from the new operational headquarters in Germany.

The acquisition will significantly boost Vanderbilt’s position in the European security systems market through a wider and more comprehensive range of products and solutions. According to a press release, Siemens’ Security Products complements Vanderbilt’s existing business portfolio as a leading supplier with widely recognized brands and long-term relationships with preeminent customers.

Grillo, whose industry experience includes executive roles with HID and ASSA ABLOY from 1993-2007, says this transaction will considerably expand Vanderbilt’s presence in the security industry by broadening the company’s competitive position in a highly fragmented market with great growth potential. “The acquisition of Siemens’ Security Products, which fits our corporate strategy perfectly, matches Vanderbilt’s solid foundation and strong legacy built from nearly three decades in the security industry,” he says.

Siemens’ Security Products includes access control, intrusion alarm and video surveillance categories, which complement Vanderbilt Industries’ integrated product offerings. The acquisition includes the brands Bewator and Cotag in the access control segment, and Alarmcom and Europlex in the intrusion alarm space.

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

Financial details of the transaction, which is subject to customary closing conditions, were not released. The deal is expected to close by the end of 2015 Q1.

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About the Author


Scott Goldfine is the marketing director for Elite Interactive Solutions. He is the former editor-in-chief and associate publisher of Security Sales & Integration. He can be reached at [email protected].

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