In a move that will strengthen its presence in the Italian marketplace, global wireless fire detection and alarm devices leader, Argus Security, has acquired the assets and core business activities of IBIT Fireline Srl, one of its primary Italian distributors.
With a long history of close collaboration, there are obvious synergies between the two companies, and the acquisition allows Argus to enhance its sales and support offer for its Italian customers, further leveraging the established partnerships between the two companies.
Giorgio Koursaris, Argus General Manager, commented: “Today’s announcement is a major step forward for Argus in the expanding Italian market, with the acquisition of IBIT FireLine bringing us strong customer relationships and networks in Italy. Both companies share a technically competent, customer-focused and entrepreneurial culture, and this will be enhanced further as the new combined business focuses on our mission to promote and support the uptake of wireless fire devices in the country.”
The acquisition of IBIT FireLine has led to the creation of Argus Italy Srl, a 100%-owned subsidiary of Argus, which is itself part of Halma plc, a British global group of safety equipment companies that is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Argus offers the widest range of commercial standard wireless and wired fire devices on the market, ranging from optical, multi-criteria and heat detectors to notification, alarm, interface and control units. All products, fully certified to EN54, offer the highest performance and quality in the industry, and are also fully compliant with all relevant international standards. Wireless detection is a fast growing segment of the fire market and a key focus of Argus’ strategy by being more directly involved in the conversion of wired fire detection to wireless fire detection through specification with end-users, system integrators and specifiers in different parts of the world.
Sandra Petrosino, Business Manager at IBIT FireLine, said: “We’re extremely pleased to have joined the Argus family. The financial strength and credibility of the Argus brand across Italy will help us in developing our business as we will now be able to provide our partners and customers with even greater access to the latest wireless fire detection and alarm solutions. We look forward to working with the Argus team over the coming years.”
Italy is a core and high potential market for Argus Security and, with this acquisition, businesses and fire safety experts in the country will benefit from stronger technical and commercial support. Argus Italy will sustain and enhance the quality of the services Argus is able to provide to customers.
About IBIT FireLine
Headquartered in Milan, IBIT FireLine is one of Italy’s leading providers of wireless fire safety solutions. For over a decade, the company has been providing innovative hybrid and wireless fire safety solutions to businesses across Italy, backed up with strong customer relationships and networks in the market. With this acquisition and the creation of Argus Italy, the company will support fire safety innovation through better technical and commercial support on wireless fire detection and alarm solutions.