In the last 6 years M&A activity within the security industry, has for the most part been driven by the major conglomerates through strategic buys to acquire new technology, expand their product range, or improve focus on particular vertical markets and regions in the world where demand is growing. However within the last 4 years their interest has all but disappeared. This has coincided with the fact that within the last 2 years there has been a significant trend for medium sized specialist companies (previously totally dependent on organic growth) to adopt strategic acquisition to speed up growth. These companies are much more focused within each of the 3 sectors (Access Control, Video Surveillance & Intruder Alarms) and this is having a significant impact on the structure of the market as we show in our 2014 Annual Report – http://memoori.com/portfolio/physical-security-business-2014-2018-access-control-intruder-alarms-video-surveillance/ The chart above shows that the volume of acquisitions has fallen from its peak in […]