Focused mainly in the UK and European market Digi Security primarily deals in IP digital technology, remote monitoring and technical guarding solutions.
Chubb, which is is part of UTC Building & Industrial Systems, a unit of United Technologies Corp, is a security and fire-safety solutions provider, also focused on the UK and European market.
“This strategic acquisition enhances our security offering and is beneficial to Chubb, Digi and our customers,” said Alastair Reynolds, managing director, Chubb Fire & Security. “We look forward to introducing Digi technologies to the wider Chubb group. I am delighted to welcome the Digi team to Chubb and we look forward to supporting and developing this outstanding business in the best interest of our customers.”
Dan Gould, founder of Digi Security, said, “This acquisition will provide Digi the ability to increase in scale and continue to develop innovative and optimal security solutions for the combined customer portfolio.”
Details of the transaction remain undisclosed.
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