One of the more baffling and intriguing findings of our 3rd annual report The Physical Security Business in 2011 is that despite a surge in acquisition activity, which has doubled in the last 2 years, most of the traditional market leaders have not participated and watched this going off from the sidelines. It is not easy to fathom out why… because like all multinational companies, up to 2008 / 9 they had an active policy of growth through acquisition and they all have strong cash reserves. By 2010 the security industry had got itself back to profitable growth and the industry had proved itself to be an attractive robust business, as our report shows. Although company valuations have gone up they are still below 2008 levels. So what could be the reason or reasons for this change of attitude to this business? They have the money and attractive companies are available to buy at realistic […]