Diebold Acquires Another Security Systems Provider
Breitkopf, David, American Banker
Diebold Inc. of North Canton, Ohio, has acquired its fourth security services and hardware company since last year.
The acquisition of Tasc Security, a privately held London company, was announced Monday. Diebold did not say how much it paid. Dieboldis primarily known for its automated teller machines and is also one of the top providers of bank security systems, but it says it is hoping to expand its security sales to retailers and to new parts of the world.
Tasc specializes in customized electronic security alarms, access control systems, closed-circuit television, and video surveillance systems. But Diebold says it was most attracted to the international scope of Tasc, which has customers in Europe, the Middle East, Africa, and Asia.
"Tasc has a global reach to it. They can literally install major security systems on a global basis," Richard Baggot, the vice president of Diebold's electronic security and currency systems group, said in an interview.
Mike Jacobsen, a spokesman for Diebold, said, "This gives us is entry into some of the markets geographically with our security solutions that we've been trying to get into for the last few years."
Since the start of last year Diebold has bought three other security companies: Newell Communications Inc., a Richmond, Va., provider of security and communications systems, in January 2004; TFE Technology Holdings LLC, which sells military base alarms, access controls, and cameras to government contractors, in June; and Antar-Com Inc. …