News

Cennox acquires 3SI Security Systems Europe division

July 28, 2017

Cennox, a supplier of ATM and banking solutions, has completed its acquisition of the European division of 3SI Security Systems. The deal will allow U.K.-based Cennox to provide greater support to European clients, the company said in a press release.

This acquisition follows on an exclusive distributor agreement covering the U.K. and Ireland, which the two companies initiated in October 2015.

Cennox provides a wide portfolio of security solutions — some supplied by 3SI and others designed and manufactured in-house — and says it has carved out a leading position in the delivery of security solutions, especially in the ATM segment.

With the acquisition of 3SI, Cennox "goes a long way" toward strengthening its company's footprint by linking customers to a wider variety of banking and retail services, according to the release.

"Our acquisition of the European Division of 3SI Security Systems, is … great news for our new colleagues and customers across Europe already accessing these products," Cennox CEO Clive Nation said. "[We] will ensure we complete a smooth seamless transition before connecting our clients with the full breadth of products and services that Cennox can deliver.

Effective immediately, 3SI European staff will join Cennox Group; 3SI's head office and supporting infrastructure in Brussels also will come under the Cennox banner.