Security systems company Kings Secure Technologies (KST) has agreed to acquire West Midlands-based Cougar Monitoring Ltd.
Bradford-based KST was advised on the acquisition by Squire Patton Boggs’ Leeds Office, led by senior associate Louise Parker and partner Paul Mann.
Bob Forsyth, chief executive officer of KST, said the proposed acquisition of Cougar Monitoring would “further expand KST’s leadership position in technology monitoring”.
“We will be able to compete in the rapidly emerging global world of smart systems and the Internet of Things on a global basis. The combined reach of both KST and Cougar amounts to over 58,000 connections Europe-wide. This strategic acquisition will enable us to provide a monitoring platform to our customers at pace and scale, and to respond to new opportunities as they arise.”
Robin Fisher, CEO of Cougar Monitoring, said: “Started 24 years ago as the first UK NSI accredited control room, Cougar has built its customer base to close to 30,000 sites in the UK. We are now looking to shift our focus and growth into becoming a fully fledged technology centre catering for the new rapidly emerging global world of smart systems. I am certain that KST will develop the Cougar brand accordingly, continue to support customers and give its employees expanding opportunities.”