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Corporate News: Bosch acquires Extreme CCTV in cash buy-out

By Louis Chunovic, Senior Editor

Published March 3rd, 2008

Extreme-Bosch

Robert Bosch GmbH, the German technology giant and parent company of Bosch Security Systems, Inc., has acquired Extreme CCTV Inc., of Burnaby, Canada, for approximately $93 million. With this transaction, Bosch strengthened its security systems division, extending its activities in video surveillance by adding Extreme CCTV’s product lines, which embrace a full range of video surveillance products, including active infrared illuminators, integrated day/night cameras and license plate capture and recognition systems. Bosch, with 300 subsidiary and regional companies in more than 50 countries, posted sales of 46 billion euros ($69 billion) last year.


BAGGAGE INSPECTION - Reveal Imaging Technologies, Inc., of Bedford, MA, announced it has successfully completed the pilot installation of its CT-80XL automated explosives detection system at Jacksonville, FL, and Denver, CO, airports, as part of a contract it holds from the Transportation Security Administration. The contract is part of TSA’s efforts to automate explosives detection and streamline the process of inspecting and handling oversized bags, including ski and golf equipment, which still entail manual handling at U.S. airports. Reveal’s CT-80XL can handle bags up to 2.5 meters (over 8 feet) in length.


INTELLIGENT VIDEO – March Networks, of Ottawa, Canada, announced it has entered into a definitive agreement to acquire Cieffe S.p.A., an Italian firm that develops high performance IP video surveillance solutions used by government agencies and companies in Europe, the Middle East and the Pacific Rim. The deal is valued at 30 million euros ($45 million) in cash and stock.


STINGER VERSUS TASER – Stinger Systems, Inc., of Tampa, FL reported that a recent university study, comparing the output of Stinger’s S-200 projectile gun to the Taser M-26 and Taser X-26, concluded that Taser models emitted considerably higher peak current, but that Stinger had demonstrated comparable knock-down power. The results are expected to be offered as evidence in an on-going trial pitting one company against the other. Taser products are currently used by more than 6,000 law enforcement agencies worldwide. However, Stinger has argued that the Taser system uses excessive current (a point which Amnesty International claims has resulted in more than 70 deaths worldwide).


INFO CONNECTIVITY – SYS Technologies, Inc., of San Diego, announced it has entered into an all-stock merger agreement with Kratos Defense & Security Solutions, Inc., also of San Diego. The two companies specialize in command, control, communications, computing, combat systems, intelligence, surveillance and reconnaissance (C5ISR) services and products. The merger will result in a combined company expected to enjoy revenue of $400 million next year.


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