Locks and Security News: your weekly locks and security industry newsletter
20th May 2020 Issue no. 508
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Securefast acquires Innovative Electronic Technology Limited
Securefast PLC one of the UK's leading manufacturers and distributors of access control and locking products has acquired Innovative Electronic Technology Ltd. (IET), a UK manufacturer of access control systems incorporating building management software and hardware.
The technology is supported by advanced software, which provides a high level of building management capability as evidenced by it being chosen for the security of the whole of the site of the London Olympics in the construction stage. The IET range of products will be manufactured within the Securefast group, enabling pricing to be highly competitive.
"Innovative Electronic Technology adds important new technology products to the current product portfolio offered by the Securefast Group," says Duncan Crawley, Group Managing Director. "The acquisition of Innovative Electronic Technology considerably enhances the Group's position within the access control market and enables SECUREFAST to offer a more versatile British made product to its growing customer base."
"Innovative Electronic Technology is an exciting addition to our portfolio, enabling Securefast to incorporate both current reader options and more advanced biometrics via our established Entra access control package," says David Sebire, Securefast Chairman.
The new Entra+ multi-site network system and associated products is expected to generate in excess of £1million of additional sales within the first year.
Innovative Electronic Technology Limited was founded in 1981 by David Leiper, following a distinguished career with a number of major electronics manufacturers. The Company is located in Potten End, Berkhamsted, UK, where the Group will create a centre for innovation, development and manufacture of electronic security products. Solar powered units for the lighting of bus shelters and public areas, is an example of another product developed by IET as an economic and eco-friendly solution where the cost of installing mains power would be uneconomic.
For more information, please contact:
Duncan Crawley, Managing Director, Tel no: +44 1543 501600
David Sebire, Chairman, Tel no: +44 1543 501600
Image shows: The Directors of IET
David Sebire, Group Chairman. Andrew Leiper, Director. David Leiper, Director. Duncan Crawley, Group Managing Director
25th June 2014