Gardiner Groupe Europe sold to ADI, the Security Distribution division of Honeywell International 
(06/03/2006)
Electra Partners Europe has agreed to sell Gardiner to ADI, the Security Distribution division of Honeywell International. The company anticipates completing the transaction in the first half of
2006, subject to regulatory review.
Gardiner Groupe Europe, with their headquarters based in Paris, France is a leading
distributor of CCTV systems, fire alarm, intrusion alarm, access control, public address
and integrated systems. It has 75 branch locations in 10 European countries. With an annual turnover of €215 million, the Group was purchased by Electra Partners Europe, a private equity fund, in July 2003.
“The management team is excited about this agreement, because with the global reach
and capabilities of ADI, we’ll be able to bring additional services and even greater value
to our customers,” said Jean-Francois Gazielly, CEO of Gardiner Groupe Europe. “We’re
both committed to exceeding the expectations of our customers and suppliers.”
“Gardiner Groupe Europe brings a strong multi-cultural European skill set and market
knowledge to ADI’s recent expansion programme in Europe. In the present trend of
consolidation of the professional security market this acquisition is a vote of confidence
and recognition of our performance as a leading company in our field, and I believe
there will be great opportunities for Gardiner”, continues Jean-François Gazielly.
Related topics: Access Control Alarm systems CCTV System Fire, Health & Safety Remote Monitoring and Surveillance Security industry
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