Acquisition sees security products companies join forces
Dewsbury-based security products company, Brisant Secure, has acquired an Essex-based counterpart with private equity backing from the British Growth Fund (BGF).
It has acquired the business and intellectual property of Deseo Locking Systems Ltd, in Braintree, for an undisclosed sum.
Deseo has critical security patents to its name. These include its ALPS cylinder, which incorporates the UK and European patented Automatic Lock Protection System (ALPS).
Deseo Locking Systems’ Marcus and Mark O’Sullivan stay on with the business and Mark joins the Brisant Secure board as Deseo director.
Brisant CEO, Nick Dutton, said: “We are pleased with this, our first Brisant Secure acquisition, and excited to welcome Mark and Marcus, both successful innovators.
“Following the growth of our award winning, smart security range, including Ultion Nuki, Ultion Bolt and more recently our Ultion window handle range, this is a major step on the road to future proofing home security.
“And it’s a significant development in the evolution of Brisant as a hardware house.”
Deseo’s MD, Mark O’Sullivan, added: “I don’t think Deseo Locking Systems could have found a better home with the coming together of two strong innovative cultures.
“Brisant will be an active partner with the resources and the mindset to help us develop the Deseo products and achieve the full potential of Deseo and Brisant-Secure.
“In my new role as Deseo director for Brisant Secure, the opportunities for synergy and growth are particularly exciting.”
Martyn Brierley, head of corporate and finance at Flint Bishop, who led on the legal advice for Brisant Secure and was supported by Mark Wilcock on the deal, said: “We’re happy to have supported Brisant on this important strategic acquisition and look forward to seeing the combined businesses grow stronger together.”
