The value of deals completed in 2010, identified and analysed through our monthly Executive Brief “The Physical Security Industry in 15 Minutes” was $7.98 billion; a growth of almost 75% on 2009. This is the highest value ever recorded and is 28% higher than the previous record set in 2005 and 2007. This is a startling number not least because it is in stark contrast to what has happened in similar businesses. So what has caused such a surge in consolidation, at a time when the global market for physical security equipment has experienced little growth? In 2009 we identified 77 acquisitions compared with 80 in 2010. So the almost doubling in value of deals is clearly not the result of a lot more transactions. The reason is that this year, consolidation has been much more focused at the top end of the business, between established large companies. The buying price for just three deals […]