Honeywell International announced on March 1 it has acquired France-based intrusion detection company RSI Video Technologies for US$123 million.
Honeywell International announced on March 1 it has acquired France-based intrusion detection company RSI Video Technologies for US$123 million. This announcement comes less than four weeks after the company announced its acquisition of advanced fire protection products company Xtralis for $480 million from funds advised by Pacific Equity Partners and Blum Capital Partners.
As a specialist in video-verified alarm systems that provides commercial and residential security applications under the brand Videofied, RSI will help Honeywell fill a gap in its already strong intrusion alarm offering.
“RSI helps reduce false alarms by providing cost-effective indoor and outdoor video verification solutions to dealers and central monitoring stations.”
- David Paja, President, Honeywell Security and Fire
RSI’s wireless, battery-powered motion detectors with built-in cameras can deliver live, high-quality video over the cloud to both central monitoring stations and end users. Furthermore, the company’s advanced motion detection technology coupled with video verification helps save time and money wasted on false alarms.
“The industry has been looking for ways to reduce the burden on local law enforcement resources responding to false alarms,” said David Paja, President of Honeywell Security and Fire in a press release. “RSI helps reduce false alarms by providing cost-effective indoor and outdoor video verification solutions to dealers and central monitoring stations.”
Additionally, RSI brings a DIY offering with professional monitoring to the table.
According to Honeywell’s press release, RSI will become part of Honeywell Security and Fire, a business unit of Honeywell Automation and Control Solutions.
This acquisition has made it quite clear that Honeywell is heavily investing in its security business, trying to fill gaps and adding new technologies to its offering. Seeing as we are only two months into 2016, more acquisitions in the security field for Honeywell are likely. However, all of the company's acquisitions are in line with Honeywell's Five-year Plan, announced in 2014, which includes spending over $10 billion on mergers and acquisitions (M&As) from 2014 to 2018.
The acquisitions were announced concurrently with an official statement from the company announcing they are no longer pursuing a merger with United Technologies (UTC), a deal that has long been rumored and now finally been put to bed.
On the other hand, the Wall Street Journal reported that Honeywell is looking to sell its building-solutions business unit, also part of its automation and control solutions business. The Honeywell Building Solutions business is estimated to be worth between $3 billion and $4 billion. Honeywell has yet to comment.