UTC Climate, Controls & Security Completes Acquisition of S2 Security and Launches LenelS2, a Leader in Access Control Systems
PALM BEACH GARDENS, Fla., Oct. 2, 2018 – UTC Climate, Controls & Security has completed its acquisition of S2 Security, which will be combined with Lenel, to create LenelS2, a global leader in advanced access control systems and services. Through the collective strengths of both companies, LenelS2 will provide scalable, cutting-edge customer solutions in the access control and security management systems industry, serving global enterprises to small- and mid-sized companies. The business is part of UTC Climate, Controls & Security, a leading provider of fire safety, security, building automation, heating, ventilating, air conditioning (HVAC) and refrigeration systems, a unit of United Technologies Corp. (NYSE:UTX).
"LenelS2 unites two world-class teams with complementary strengths," said Alex Housten, VP and GM, Fire & Security Products, UTC Climate, Controls & Security. "Together, we have more than 50,000 systems installed worldwide. We look forward to providing enhanced service capabilities and offerings for our customers, and accelerating our access control and video-centric solutions for intelligent buildings across the globe."
Lenel President Jeff Stanek will lead the new organization and S2 Security Founder and CEO John Moss will serve as Chief Product Officer. The broader leadership team will consist of key members from each company, ensuring that the combined company will bring together the best of both worlds in serving its customers.
"These are two leading brands that share a strong culture of innovation and commitment to customer service," Stanek said. "Together, we will harness the power of our talented workforce to better serve the needs of customers and offer them more choices."
"The depth of Lenel’s OnGuard platform and BlueDiamond™ mobile credentialing together with the breadth of S2’s product ecosystem and channel, creates a new offering that is far greater than the sum of its parts," Moss added. "We will continue to advance the capabilities of all product lines, including NetBox and OnGuard."
Terms of the deal were not disclosed.
Lenel is a global leader in advanced security systems and services developing innovative solutions to protect buildings, people and assets. Incorporating open architecture and third-party interfacing, Lenel’s enterprise software manages multiple best-in-class systems to provide a single, seamless security solution for customers worldwide, including corporate and government segments. Lenel is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.fashionhubpk.com or follow @LenelSystems on Twitter.
About S2 Security
S2 Security is the leading developer of complete enterprise physical security solutions, including access control, video surveillance, event monitoring, digital signage, live Internet sourced real-time data and information feeds, mobile applications and cloud-based services. For more information, visit www.s2sys.com.