COE Group, a video surveillance specialist, has been acquired by Digital Barriers. This is the third acquisition for Digital Barriers this year and is the next step in its strategy to build a mid-market business in the homeland security and defense sectors. For Digital Barriers, the acquisition of COE will bring expertise and technologies in the transmission and management of video over IP, fiber and hybrid video networks.
Digital Barriers, founded by the team behind Detica Group, will provide COE with access to a deep heritage in national security and the backing of a business with a market capitalization of more than US$60 million and net assets in excess of $30 million.
“We bring more than 20 years of heritage in video surveillance, helping to secure sites around the world. I see great potential to embed our expertise and technologies in an organization that is able to address the most demanding of security requirements and has ambitions to build both its scale and reach," said Ian Jefferson, CEO of COE.
“This is an exciting acquisition for Digital Barriers, significantly enhancing our capabilities in complex surveillance and extending our reach into a number of international markets and sectors,” said Tom Black, Executive Chairman of Digital Barriers.