14 DAY TRIAL // Honeywell Security Group announced through a press release that its activity in the field of development and distribution of electronic security technologies has been celebrated by the 2006 Frost & Sullivan European Security Company of the Year Award.
"An aggressive sales push, combined with a number of key strategic acquisitions, has enabled US-headquartered Honeywell to out-perform the European security solutions market for two years in a row, and firmly position itself among the industry leaders," stated Frost & Sullivan Research Analyst Nick Houldsworth. "An established record of developing leading-edge, innovative technology solutions has also underpinned the company's rapid expansion of its security business."
The award and the company's successful market strategy are in intimate relation with the Honeywell's acquisitions in the manufacturing field and the distribution sector.
"In 2005, Honeywell acquired Novar in order to strengthen its position in the European security markets, particularly in the United Kingdom and Germany," added Houldsworth. "In 2006, Honeywell's leading security distribution business, ADI International, grew through the acquisition of Gardiner Groupe Europe ( a leading European distributor of CCTV systems, fire alarm, intrusion alarm, access control, public address and integrated systems), in order to expand its global presence and build its influence in security and low voltage products."