Access Control Related Enterprises LLC (ACRE), the owner of Vanderbilt and ComNet, has announced the sale of Mercury Security Products to HID Global, a subsidiary of ASSA ABLOY.
ACRE CEO Joseph Grillo (pictured) stated: “Divesting Mercury after many years of success since ACRE purchased the business in 2013 is a strategic move that allows ACRE to focus on its core access control, video and intrusion businesses under the Vanderbilt and Comnet brands. HID is the perfect home to provide for the continued growth and success of Mercury, which will remain a valued technology supplier to Vanderbilt.”
The ACRE portfolio consists of global brands with proven technologies, a long-acclaimed reputation for innovation and a high level of customer service and support.
Vanderbilt provides over 2,000 products across access control, intrusion, video and cloud-based access and video systems in 95 countries.
For its part, ComNet offers a broad line of fiber optic, copper and wireless video and data transmission equipment designed for security and surveillance applications in intelligent transportation systems, the utilities and, indeed, industrial markets.