ACRE, a Las Vegas, Nevada-based global provider of security systems, as per recent reports last week, has announced entering into a definitive agreement in its bid to acquire RS2 Technologies for an undisclosed sum.
RS2 Technologies, founded in 1998, is a Munster, Indiana-based manufacturer of open architecture-based access management hardware and software. RS2’s hardware product line-up has a wide range of offerings ranging from system control processors, input/output modules, through to multiplexers, enclosures, card readers, to proximity and smart cards.
ACRE, in its recent statement also announced this purchase to be beneficial from the access control point of view, as the acquisition of RS2 will enhance the company’s strategic expansion plans for strengthening the access control business portfolio, which includes Vanderbilt, Open Options, and ComNet. The RS2 platform is renowned for its easy integration ability with other security system components.
Speaking on this context, ACRE’s CEO, Joseph Grillo, says the transaction continues to expand ACRE’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 adds. “ACRE will continue to look for strategic opportunities to build the portfolio with complementary, albeit competitive, acquisitions.”
“This is a great opportunity for RS2 to further expand our customer base and leverage the benefits of being a part of a broader ACRE portfolio,” states 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 adds.
The acquisition transaction is expected to close by the end of this month.