Wearables Market Headed for a Shakeup as Google Seeks to Acquire Fitbit

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Wearables Market Headed for a Shakeup as Google Seeks to Acquire Fitbit | #TpromoCom  #Parks #Google #Wearables | According to Reuters and CNBC, Google (aka Alphabet) has made an offer to acquire Fitbit. This stands to considerably shake up the wearables space.

Fitbit is the number one wearables company in the US—Parks Associates consumer surveys find that among the 19% of heads of US broadband households that own and use wearables, Fitbit has nearly 60% penetration—twice that of its nearest competitor, Apple.

Looking specifically at smart watch models, Parks Associates finds that Fitbit smart watches and the Apple Watch are nearly neck and neck in terms of consumer adoption. Fitbit has been largely successful in getting its users to move from its lower-cost (and lower profit) fitness trackers, with Parks Associates consumer survey data finding that 40% of Fitbit users in US broadband households use one of its smart watch models.

A Google acquisition of Fitbit would make Google the number one name in the US wearables market overnight, and give it a highly useful entry point into the healthcare market. While there’s been some speculation that Google may be seeking to acquire Fitbit for its IP, it seems more likely that Fitbit’s strong brand and popularity among consumers would make it an acquisition a la Nest rather than the next Motorola.

However, Google also has its own smart watch platform—Wear OS—which is used to power smart watches from companies such as the Fossil Group, LG, Misfit, Casio, and Mobvoi.

What will an acquisition of Fitbit do to Google’s existing smart watch platform? While Google may seek to keep both alive for a while, it seems likely that Fitbit—the stronger, more popular brand—would receive the bulk of Google’s time, attention, and resources, leaving Wear OS to the fate of Google Inbox, Hangouts, and Google Reader. It’s too soon to tell for sure, but history isn’t exactly on Wear OS’s side.

Interested in learning more about the US wearables market? We recently published research looking at this space. Go check out our new 360 Deep Dive: Consumer Demand for Connected Wearableswhich answers the following questions:

  • What is the current state of the connected wearables market?
  • How are leading device makers managing the growing blending of the wrist wearables categories?
  • What are the major barriers to connected wearable adoption?
  • What types of functionality are most in-demand by consumers?
  • How do the customers of big four wearables players – Fitbit, Apple, Samsung, and Garmin – differ in terms of their priorities and use of devices?

To read the remainder of this news release, click here.

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HID Global completes acquisition of De La Rue

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HID Global completes acquisition of De La Rue | #TpromoCom #HID #Acquisition #Security | HID Global has completed the acquisition of the international identity solutions business of De La Rue, the world’s largest commercial issuer of banknotes and passports.

The De La Rue business will be merged with HID’s citizen identity solutions portfolio, broadening HID Global’s leadership position, extending its capabilities to scale and assemble government-issued citizen IDs, and expanding the value delivered to customers.

“HID Global and the De La Rue international identity solutions business share the common goal of helping governments fulfill their e-government initiatives today and in the future by converging physical and digital identities to increase efficiency, security and flexibility,” said Stefan Widing, President and CEO, HID Global. “The acquisition sets the stage for HID to leverage the decades-long relationships De La Rue has had as a prime citizen ID supplier providing HID’s innovative solutions to governments seeking to modernise. From making it possible for citizens to use mobile IDs with their smartphones in everyday life to providing travelers with a more secure and convenient passport for border crossing, HID is transforming the citizen experience.”

Today, HID Global’s citizen identification solutions can be found in sixty percent of all government-issued electronic identity projects around the world. HID delivers complete, end-to-end system solutions that meet governmental requirements for national IDs, passports, foreign resident IDs, driver licenses, vehicle registration and other programmes.

To read the remainder of this news article, click here.

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ASSA ABLOY acquires De La Rue´s Citizen Identity Business in the UK

ASSA ABLOY acquires De La Rue´s Citizen Identity Business in the UK | #TpromoCom #Identification #ID #Passport | ASSA ABLOY has signed an agreement to acquire the international identity solutions business of De La Rue, a leading passport manufacturer based in the UK.

“De La Rue´s international identity solutions business is a strategic technological addition to the ASSA ABLOY Group. The company reinforces our current offering within secure identity solutions. The acquisition of De La Rue´s identity solutions business considerably enhances the Group´s position within citizen ID and will provide complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“With complementary products, solutions and services that are highly synergistic with HID Global’s current offerings, De La Rue’s identity solutions business is an excellent strategic fit with our mission to power the trusted identities of the world’s people, places and things,” says Stefan Widing, Executive Vice President and Head of HID Global. “Customers of both organizations will benefit from the expanded range of e-government solutions that will be offered as a result of the acquisition.”

The identity solutions business of De La Rue has some 200 employees, and the main office is located in Basingstoke, UK.

Sales for the acquired business’ fiscal year to 30 March 2019 was about GBP 38 million (approx. SEK 460 million) and the acquisition will be neutral to EPS from start.

The acquisition is subject to regulatory approval and customary closing conditions and is expected to close during the third quarter of 2019.

For more information, please contact:
Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68

About ASSA ABLOY
The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 48,500 employees and sales of SEK 84 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY’s innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. (Source: click here)

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Home Technology Company SnapAV to Merge With Control4

#Home #Technology Company SnapAV to Merge With Control4 | #TpromoCom #HomeAutomation | SnapAV will acquire Control4 in an all-cash transaction for $23.91 per share in cash, representing an aggregate value of approximately $680 million.

SnapAV, a leading manufacturer and primary source of A/V, surveillance, networking and remote management products for integrators, and Control4 Corp. (NASDAQ: CTRL), a leading global provider of smart home solutions, today announced that they have entered into a definitive merger agreement whereby SnapAV will acquire Control4 in an all-cash transaction for $23.91 per share in cash, representing an aggregate value of approximately $680 million.

This highly complementary combination will leverage the increased resources of the two companies to provide integrators with a true one -stop shop, offering a complete product portfolio of custom smart-home, control and automation solutions, according to the joint announcement from the Charlotte, N.C., and Salt Lake City-based companies.

To read the remainder of this news story, click here.

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Acre acquisition strengthens access control portfolio


Acre #acquisition strengthens access control portfolio | #TpromoCom #AccessControl #Security | Acre, a global leader providing state-of-the-art security systems, has entered into a definitive agreement to acquire RS2 Technologies in Munster, Indiana. This purchase will enhance Acre’s strategic expansion plans for strengthening its access control business and product portfolio.

RS2 Technologies is a technology-driven manufacturer of cutting-edge access control hardware and software. The company’s hardware line includes a wide range of system control processors, input/output modules, multiplexers, enclosures, card readers, and proximity and smart cards.

RS2, founded in 1998, uses an open architecture platform approach in order to provide a broad product offering working with a multitude of technology partners. The company is customer focused and has stayed in tune with the demands of the industry, listening to VOC from both end users and installers. The RS2 platform was designed to easily integrate with other security system components.

To read the remainder of this news release, click here.

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Per Mar acquires American Pride Security Services

Per Mar acquires American Pride Security Services | #TpromoCom #Acquisition #Business #Security | DAVENPORT, Iowa—Per Mar Security Services, a leading provider of total security solutions for residential and commercial clients based here, announced it has acquired American Pride Security Services of Bloomingdale, Ill.

“American Pride Security Services represents the same values of taking care of employees and customers that we have,” Brad Duffy, Per Mar, president of the Security Officer Division, said in the announcement. “It’s a great fit for both parties and provides good expansion for Per Mar in the Chicago market.”

American Pride Security Services specializes in part-time and full-time security officer services in the Chicagoland area. Neal and Michelle Loftus, owners of American Pride Security Services, expanded the business to Fort Meyers, Florida. They will be relocating to Fort Meyers to focus solely on their Florida operation. All 32 of American Pride Security Services employees in Bloomingdale will be joining Per Mar’s Chicago branch.

To read the remainder of this news article, click here.

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Allied Universal Acquires Securadyne to Build Out Integration Platform

Allied Universal Acquires Securadyne to Build Out Integration Platform | #TpromoCom #Acquisition #Business #Security | Securadyne Systems will become the technology service platform upon which Allied Universal will provide global systems integration capabilities.

Allied Universal, a leading security guard and facility services company, has signed a definitive agreement to acquire Securadyne Systems, a security integrator, based in Dallas.

The transaction is expected to close on April 15. The deal, for undisclosed terms, will give Allied Universal an integration platform to provide technology-enabled security solutions on a global scale, according to an announcement.

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ASSA ABLOY acquires Spence Doors in Australia

ASSA ABLOY acquires Spence Doors in Australia | #TpromoCom #Doors #Security #Construction | ASSA ABLOY has acquired Spence Doors, a leading manufacturer of commercial doors in Australia.

“I am very pleased to welcome Spence Doors and their employees into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in the mature markets through adding complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“Spence Doors is an excellent addition to the Asia Pacific Division and complements our existing door opening solutions offering for our customers. The acquisition provides potential to accelerate our growth utilising their comprehensive footprint around Australia”, says Anders Maltesen, Executive Vice President of ASSA ABLOY and Head of Division Asia Pacific.

Spence Doors was established in 1951 and has approximately 260 employees. The main office is located in Melbourne, Australia.

Sales for 2019 are expected to reach about AUD 67 million (approx. SEK 435 million) and the acquisition will be accretive to EPS from start. 

To read the original press release, click here.

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