Deals announced in June have continued at the same pace as the previous 2 months and are well up on June 2008. This would normally be greeted with surprise because a year ago the security market was a little more optimistic about the future than it is today. However economic downturns have a tendency to accelerate emerging technologies and boost the adoption of effective solutions and this is certainly having an impact on the security industry and merger and acquisition policy. The acquisition of Axsys by General Dynamics for $643m exemplifies the fact that a leading edge technology company can still command a high exit price. This is not only notable because of its size and value but shows the continuing interest by defence companies in the commercial security market. Our database now includes BAE Systems, Flir, Intergraph, Safran and Quinetic – all major defence companies now active in the commercial security market. We would […]