Vanderlande Industries B.V. has acquired long-time industry partner Optosecurity Inc. effective June 29, 2017. Financial terms were not disclosed.
Optosecurity’s shareholders includes BDC Capital, ★Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly/yearly recurring or one-time subscriptions. ★
Founded in 2004, Quebec City based Optosecurity Inc. is a software company that brings innovative value-added capabilities to security operators with integrated, real-time operational data and analysis.
Optosecurity’s software is a unique and also market-leading platform for remote screening and data integration. The combination of this intelligent software with Vanderlande’s automated passenger checkpoint solutions presents the opportunity for the new partnership to become the leading integrator of passenger screening processes at airports. This transaction is a logical step for Vanderlande in expanding its footprint beyond traditional baggage handling projects in this market.
“The acquisition of Optosecurity supports Vanderlande’s vision of value-added integrated airport logistics systems,” said Andrew Manship, Vanderlande’s Executive Vice President Airports. “We expect the joint strength of Vanderlande’s SCANNOJET automated passenger checkpoint solution and Optosecurity’s eVelocity remote screening application to become the winning solution. This will address the needs of our customers and add significant value in a demanding and rapidly changing global airport logistics environment. Consequently, it will increase the attractiveness of our solutions and enhance the proportion of our market share.”
“Optosecurity has a unique proposition for remote screening in passenger processing. As part of Vanderlande, we will be able to mature and expand our range of solutions. I am confident that Optosecurity will be an important and respected member of the Vanderlande family, and we will continue to serve our existing customer base and partners, as well as capitalize on new opportunities,” said Tim Mathews, Optosecurity’s President & CEO.
photo credit: Vanderlande-Optosecurity
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.
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