German engineering giant Bosch has announced plans to acquire Vancouver’s Paladin Technologies.
Paladin Technologies, part of the Paladin Group of Companies founded in 1976 in Vancouver, is a leading provider of security and life safety solutions and system integration services.
Paladin Technologies employs around 1,500 associates across 35 locations in Canada and the US with projected 2023 sales approaching USD 400 million.
The company serves the entire Canadian market with 18 offices and the US market with 17 offices across New York, Texas, California, the Southwest, Pacific Northwest and Midwest regions.
Paladin Technologies’ portfolio comprises video surveillance, access control and intrusion detection as well as network infrastructure, monitoring, and advanced audio-visual solutions.
The purchase complements Bosch’s 2015 acquisition of Climatec, with more than 1,000 associates in the US. Climatec is part of Bosch Building Technologies and offers energy efficiency, building automation, security, and life safety solutions for the US market. The US is one of the largest and fastest growing markets for Bosch Building Technologies.
With its market presence in Canada and key metropolitan areas in the US, Paladin Technologies is an ideal addition to Bosch’s system integration business.
For instance, Paladin Technologies is responsible for the design and installation of security systems for Royal Columbian Hospital, enhancing patient experiences, while maintaining the continuity of the hospital services as it is one of only two trauma centers within the province.