NORTH CANTON, Ohio - Diebold, Incorporated (NYSE: DBD) has acquired Vangren Technology, a company specializing in the sales, service and installation of electronic security solutions throughout Australia and New Zealand. Terms of the agreement were not disclosed.
According to a news release, the privately-held Vangren, which is based in Melbourne, Australia, has installations in financial institutions, government facilities, hospitals, airports and other corporate facilities. The company has 71 employees.
Casey Van Engelen, Vangren's managing director, will join Diebold as division manager, Electronic Security Solutions, Australia, and will oversee the newly formed operation.
Reg Bohler, managing director of Diebold Australia, said a heightened awareness of security issues is accelerating market growth in the region.
"We are pleased to expand the core competency upon which Diebold was founded globally, into Australia," Bohler said in the release. "In addition to further market share growth, we see significant benefits to increased service coverage for current and future customers."
