Only two months have passed thus far in 2016, but the winds of change are in the air for the security industry. The services side of the market has already undergone a significant transformation with the merger of Tyco Integrated Security with Johnson Controls and the pending combination of Protection 1 with ADT following the latter’s acquisition by Apollo Global Management earlier this month. Another company that has been extremely active on the acquisitions front so far this year is Honeywell.
On Tuesday, the company announced that it has acquired RSI Video Technology, a global provider of intrusion detection systems for both commercial and residential applications under the Videofied brand, for approximately $123 million. The move comes just four weeks after Honeywell’s previously announced acquisition of aspirating smoke detection and perimeter security solutions developer Xtralis for $480 million. Also on Tuesday, the company announced that it would no longer be pursuing a merger with UTC, a story that had generated buzz and headlines for more than a week.