3M Cogent - Experts & Thought Leaders

Fire & Safety, concurrently held with Secutech Taiwan April 2020, will have international and local manufacturers showcasing products and solutions for best practices in fire safety for various verticals as well as effective disaster prevention and mitigation technologies. Countries from the APAC region is expected to see an increase in fire safety demands as increase in infrastructure developments requires both in pass and active fire safety equipment. Government regulation also plays a major role in the increase demands as strict laws and regulations will require many buildings to implement certain standards in fire safety technologies. Fire safety and disaster management technologies The smart factory sector will include instrument testing equipment, personal protective equipment and more The global value of disaster and emergency management is predicted to see an increase from USD 107 billion in 2019 to USD 148.5 billion by 2024 with a CAGR of 6.8 percent. The increase will be due to unpredictable natural disasters from climate change as well as potential man-made incidents that could fuel the events. APAC region will be amongst the fastest growing market with governments demand to implement top of the line technologies for disaster managements. When Fire & Safety begins in April, it will have no shortage of products for enhancing fire safety. The smart factory sector will include instrument testing equipment, personal protective equipment, safety and management of plant / park intelligent perimeter protection and plant disaster prevention (earthquake / fire explosion). Visitors will expect to see companies including 3M, Draeger, DuPont, Honeywell, Johnson Controls, LHD, Moxa, Rotarex and UTC. Flood protection equipment Medical institutions will also be a highlight for fire safety protection. Visitors will see a range of products such as waterway sprinkler, fire alarm system, evacuation equipment, ventilation and smoke exhaust, fireproofing material, smoke prevention elevator, building door and window installation sensing system, intelligent bedside care system and personnel safety positioning. Exhibitors will consist of Ching Gu Electronics, HEX Safety, Horing, Red Bridge, RIHSI, SAFE, Sheng Yang and Wizmart. Secutech International will have several sections within the fair for showcasing products and solutions for safe and smart cities Lastly, a number of disaster prevention and mitigation equipment will be on display, including earthquake early warning system, flood protection equipment, disaster relief drone, fire rescue vehicle and fire extinguishing equipment. Onsite there will also be an earthquake simulation zone where visitors can see live demonstration of technologies being utilised for earthquake situations. Showcasing Technologies for a Safe and Smart City Secutech International will have several sections within the fair for showcasing products and solutions for safe and smart cities. The show will consists of Smart Building, Smart Factory, Safe City, Mobility, Fire Safety & Disaster Prevention and Information Security sections. The business matching programmes will return to offer a unique and effective one-on-one service to introduce exhibitors to VIP buyers. In 2019, Secutech successfully arranged 319 business matching sessions, connecting exhibitors with key distributors, systems integrators, property developers and contractors in the APAC region.

The acquired business revenue is expected to grow at +10% CAGR with EBITDA margins above 20% by 2020 Gemalto, a provider of digital security, announced that it has entered into agreements to acquire 3M's Identity Management Business for US $850 million. 3M's Identity Management Business is comprised of 3M Cogent Inc., which provides a full spectrum of biometric solutions with a focus in civil identification, border control and law enforcement, and 3M's Document Reader and Secure Materials Businesses. Identity verification Headquartered in the United States and present on 3 continents, 3M's Identity Management Business is a trusted partner to governments, law enforcement, border control and civil identification bodies worldwide. It offers world-class biometric based end-to-end solutions enabling identity verification and user-friendly authentication. 3M's Identity Management experienced and highly-skilled team of approximately 450 experts has developed proven biometrics algorithms (finger, face, iris, etc.) and is at the forefront of innovation with the latest multi-modal biometric solutions. Annual revenue of the business is approximately US $215 million and profit from operations at US $58 million. Boosting national security As Gemalto pursues its expansion and prepares for the future, this acquisition both completes Gemalto Government Program's offer by in-sourcing biometric technology and ideally positions the company to provide solutions for the promising commercial biometrics market. Gemalto’s combined offers and experience in the public sector to manage the enrolment, identification of individuals, flow of passengers and border control should contribute to stronger national security. On the commercial side, as online and mobile transactions grow, new forms of multi-factor authentication and identification are needed to complement physical ID documents. Combining market access and technologies from 3M's Identity Management Business and Gemalto will allow trusted national identities and strong biometric authentication to develop throughout the digital economy. Gemalto Government Programs "3M's Identity Management Business and Gemalto perfectlyfit, solving authentication and identity management pain points across our customer segments" Once the acquisition is completed, 3M's Identity Management Business will become part of Gemalto Government Programs business which recorded a revenue of €391 million in 2015. The closing of the transaction is expected to occur in the first half of 2017, after approval from the relevant regulatory and anti-trust authorities and employee consultation where required. After the acquisition is completed, Gemalto will retain a strong financial structure with a net debt/adjusted EBITDA ratio below 1.5. Growth plans The transaction will be accretive to adjusted Earnings Per Share. As part of Gemalto’s long-term strategy and the development of this core technology across the businesses, the acquired business revenue is expected to grow at +10% CAGR with EBITDA margins above 20% by 2020. "Gemalto is delighted to welcome new members to its international team. 3M's Identity Management Business and Gemalto perfectly fit, solving authentication and identity management pain points across our customer segments, creating immediate increased differentiation and offering additional long term growth perspectives," said Philippe Vallée, Gemalto CEO. Save

The 2016 event will focus more on industrial security, associated with safety and security protection of industrial facilities and assets Saudi Arabia’s leading security, fire and safety workshop and exhibition will return in 2016. The Saudi Safety & Security Forum and Exhibition 2016 will be taking place from the 16-18 May at The Dhahran International Exhibitions Center, Dammam, Kingdom of Saudi Arabia. 2016 welcomes a rebranded SSS, including new logos and branded collateral. The 2016 event will focus more on industrial security, associated with safety and security protection of industrial facilities and assets. The need for safety and security protection for industrial facilities continues to grow rapidly. Recent incidents and ongoing threats in the region highlight the urgency in ensuring security. Following the military operation in Yemen along with other allied Arab allies, Saudi Arabia has been forced to strengthen their security measures at key industry facilities. Physical and IT Security has become a major concern, with on-going cyber-attacks directed at oil and gas companies operating in the Middle East. Draw attention to safety and health regulations within work environments The security market in Saudi Arabia is predicted to show growth of 11.35% to 2018 and Saudi Arabia is now one of the world’s fastest growing markets for security and safety solutions. SSS 2016 will also draw attention to safety and health regulations within work environments with a focus on construction and heavy industry. Saudi Arabia is the largest construction market in the Middle East, according to the Saudi Gazette the construction sector is ‘one of fastest growing sectors’ for years with 7.1 percent. With this growth comes the vital responsibility of safety measures within the work place. Current safety standards still require vast improvement, with a demand for safety equipment, regulations and professional training services. SSS 2015 - A major success with over 2,200 industry experts The SSS 2016 international exhibition will play host to innovative and pioneering technologies and products aimed at overcoming security, safety and fire issues. SSS 2015 proved a major success, with over 2,200 industry experts attending the exhibition and 70 exhibiting organisations that included; DuPont, BRC, CANON, 3M, Dräger, UL, Gulf Defense Security Systems (GDT), Gulf Falcons Security & Protection (GFSP), NAFFCO and more. Alongside the exhibition will be a workshop-led conference format. The rebranded SSS 2016 has already received an unpreceded level of interest due to Saudi Arabia’s growing opportunities within security and safety. With the growing need for development within these highly important sectors in Saudi Arabia, SSS provides a unique opportunity to source new businesses.

Merger and acquisition activity has become a familiar topic in the physical security market. In 2016, SourceSecurity.com covered M&A news involving some of the industry’s largest companies, including high-profile names such as Tyco, Honeywell, Hikvision, ADT, and Ingram Micro. Here’s a look at the top 10 M&A stories in 2016, as covered by SourceSecurity.com:   1. Johnson Control and Tyco merge Johnson Controls and Tyco announced their merger into one company with annual revenue of $32 billion. Johnson Controls, a global multi-industrial company, combined with global fire and security provider Tyco to create a leader in building products and technology, integrated solutions and energy solutions. Johnson Controls previously had a small presence in the physical security market, but their products have mostly centred around building controls, HVAC and energy storage technology. For its part, Tyco’s focus on video, access control and alarm systems has expanded to consider those systems in the context of broader building systems. The trend toward convergence in the building market is the common ground for these companies, and a major driver in their decision to merge under the name Johnson Controls. 2. Honeywell acquires Xtralis and RSI Video Technologies Industry giant Honeywell agreed to acquire Xtralis, a global provider of aspirating smoke detection and advanced perimeter security technologies and video analytics software, for $480 million from funds advised by Pacific Equity Partners and Blum Capital Partners. Honeywell saw Xtralis' systems as complementing their growing Security and Fire business. A month or so later, Honeywell also acquired RSI Video Technologies, provider of the Videofied Intrusion Detection System, for $123 million. Upon completion of the acquisitions, both would become part of Honeywell Security and Fire. Honeywell also made headlines for a deal that didn’t happen. It seems Honeywell wanted to merge with UTC, but UTC declined because of “insurmountable regulatory obstacles and strong customer opposition.” 3. Ingram Micro acquired by Chinese Conglomerate Ingram Micro Inc. and Tianjin Tianhai Investment Company, Ltd. announced a merger agreement under which Tianjin Tianhai would acquire Ingram Micro for $38.90 per share in an all-cash transaction with an equity value of approximately $6 billion. Ingram Micro would become a part of HNA Group, a Hainan-based Fortune Global 500 enterprise group and a leader in aviation, tourism and logistics and the largest stockholder of Tianjin Tianhai. ADT holds the largest share of the U.S. residential security market, and a respectable small business presence 4. ADT Merges with Protection 1 ADT, the well-known home and small business security company, which traces its history back to 1874, agreed in 2016 to be acquired by private equity firm Apollo Global Management, and would merge with competitor Protection 1, a subsidiary of Apollo-owned Prime Security Services Borrower LLC. The announcement comes amid rapid changes in the residential security and home automation market, much of it driven by emerging Internet of Things (IoT) technology. ADT holds the largest share of the U.S. residential security market, and a respectable small business presence. Protection 1 began in 1991 when it was spun off from PacifiCorp., a power utility. It grew rapidly, largely through acquisition, into a full-service business and home security company. 5. Konica Minolta acquires majority shares of MOBOTIX Konica Minolta, Inc. entered into a share transfer agreement to acquire shares comprising about 65% ownership of German manufacturer MOBOTIX, developer of technologies including decentralised processing (edge computing) IP cameras, image data compression, and image data analytics. The deal was estimated at between $177 million and $265 million. Konica Minolta seeks to broaden the distribution of MOBOTIX products and solution services by leveraging its global direct sales network and after-sales support and services systems. 6. Hikvision acquires Pyronix Hikvision, the world’s largest video surveillance manufacturer, announced the acquisition of Pyronix, the UK-based intrusion alarm security firm. Hikvision planned to apply Pyronix expertise and know-how in intrusion detection systems to its leading position in the video surveillance market. The combined know-how of Hikvision and Pyronix seeks to bring new advancements and innovative products to the market, converging two security technologies in video surveillance and intrusion detection. 7. Merger creates AlliedUniversal brand AlliedBarton Security Services and Universal Services of America agreed to merge, combining to do business under the AlliedUniversal brand. The combined company offers clients localised response and national support using technology solutions and approximately 140,000 highly-trained officers. The combined company is expected to have total annual revenues of approximately $4.5 billion. AlliedUniversal brand offers clients localised response and national support 8. Acre acquires two companies ACRE, LLC, the holding company that owns Vanderbilt Industries and Mercury Security, made two more acquisitions this year. Through its subsidiary Vanderbilt, a global provider of state-of-the-art security systems, Acre acquired Access Control Technology Ltd (ACT), based in Dublin, Ireland. This purchase would enhance Vanderbilt’s strategic expansion plans for strengthening its access control business and product portfolio. Later in the year, Acre also announced plans to acquire Communication Networks LLC (dba ComNet), a manufacturer of video and data transmission equipment. The acquisition of ComNet builds on the ACRE family of companies, providing complementary communication technologies utilised across its access control, intrusion, video, and cloud-based product ranges. 9. Gemalto to buy 3M’s identity business Gemalto, a provider of digital security, agreed to acquire 3M's Identity Management Business for US $850 million; it will become part of Gemalto Government Programs. 3M's Identity Management Business is comprised of 3M Cogent Inc., which provides a full spectrum of biometric solutions with a focus on civil identification, border control and law enforcement, and 3M's Document Reader and Secure Materials Businesses. 10. Bosch and Sony partner up Although technically not a merger or acquisition, Bosch Security Systems and Sony signed a contract to establish a business partnership to collaborate in the development of products and solutions in the field of video security applications, beginning in 2017. Bosch will handle the sales and marketing globally for all of Sony’s video surveillance products (outside of Japan). The two companies will also pool their technology expertise, leveraging Sony’s imaging capabilities and Bosch’s analytics and networking strengths. See the full coverage of 2016/2017 Review and Forecast articles hereSave Save Save