ACRE to Acquire Texas-based Open Options
Las Vegas, Nevada (Dec. 17, 2018) – ACRE, a global leader providing state-of-the-art security systems, announced today it has entered into a definitive agreement to acquire Open Options based in Addison, Texas. This purchase will enhance ACRE’s strategic expansion plans for strengthening its access control business and product portfolio.
- This is the latest M&A activity since ACRE completed the acquisitions of ComNet (Danbury, Conn.) and Access Control Technologies “ACT” (Dublin, Ireland) businesses in 2016.
- Open Options will significantly increase ACRE’s position in the access control market, with emphasis on North America.
For 20 years, Open Options has developed access control solutions that connect to leading security technologies to deliver a full-scale solution based on each customer’s unique needs. Open Options has been a Mercury Security partner since 1997 and is dedicated to delivering the most advanced open-platform access control solution available on the market.
ACRE’s CEO, Joseph Grillo, stated that this transaction will continue to expand ACRE’s competitive position in a highly fragmented market with great growth potential. “The acquisition of Open Options boosts Vanderbilt’s reach in the access control market and enhances our product portfolio with the addition of an open architecture access control solution,” commented Grillo. “With the international portfolio fully integrated, it was time to turn our focus to North America.”
“We are pleased to join the ACRE organization with its strong global reach which will open new opportunities for the Open Options product range,” said Steve Fisher, Open Options Founder and CEO.
Financial details of the transaction were not released. The transaction is expected to close in the fourth quarter of 2018.
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 and ComNet brands deliver advanced solutions to thousands of customers around the world. Today, ACRE employs more than 325 employees in more than 20 countries. For more information, visit www.acre-co.com
About Open Options
Since its founding in 1997, Open Options has been a pioneer in the open platform community, focused on helping customers improve security by building trust through the most connected experience. Today, the company continues to be a leading provider of innovative access control solutions with the most experienced, highly qualified service and support teams in the industry, providing access that connects. Open Options’ flagship access control platform, DNA Fusion, seamlessly connects with leading security technologies — including video, biometrics, wireless locks, and more — to provide customers with a best-in-class security solution. Our customer-first, open business culture and dedication to customer care through the Connect Care experience are what set us apart; when you do business with Open Options, you’re doing business with real people who care about your experience. To learn more about Open Options and our solutions, visit www.ooaccess.com.