Bosch dishes out $92 million to acquire Extreme CCTV
Looking to boost its Security Systems division, Bosch has agreed to purchase Extreme CCTV for $92 million. Extreme CCTV is a provider of sophisticated video surveillance products that include everything from infrared illuminators to products designed to scan and capture license plate numbers. By acquiring CCTV, Bosch aims to extend its position in the continuously growing video surveillance market.
Extreme CCTV sees the deal as a way to increase product development with the help of Bosh's manufacturing capabilities. Currently, the Bosch Security Systems product line encompasses access control, video surveillance, intrusion, evacuation, and fire and safety. Once the deal is finalized, Extreme CCTV will become part of this division.