ACRE to acquire Texas based open options

ACRE has entered into a definitive agreement to acquire Open Options based in Addison, Texas. This purchase will enhance ACRE’s expansion plans for strengthening its access control business and product portfolio.

  • This is the latest M&A activity since ACRE completed the acquisitions of ComNet (Danbury, Conn.) and Access Control Technologies “ACT” (Dublin, Ireland) businesses in 2016.
  • Open Options will significantly increase ACRE’s position in the access control market, with emphasis on North America.

ACRE’s CEO, Joseph Grillo, stated that this transaction will continue to expand ACRE’s competitive position in a highly fragmented market with great growth potential. “The acquisition of Open Options boosts Vanderbilt’s reach in the access control market and enhances our product portfolio with the addition of an open architecture access control solution,” commented Grillo.

“With the international portfolio fully integrated, it was time to turn our focus to North America. We are pleased to join the ACRE organization with its strong global reach which will open new opportunities for the Open Options product range,” said Steve Fisher, Open Options Founder and CEO.”

Financial details of the transaction were not released. The transaction is expected to close in the fourth quarter of 2018.

www.acre-co.com

www.ooaccess.com

About Security Buyer

Security Buyer is the leading authority in global security content, delivering expert news, in-depth articles, exclusive interviews, and industry insights across print, digital, and event platforms. Published 10 times a year, the magazine is a trusted resource for professionals seeking updates and analysis on the latest developments in the security sector.

To submit an article, or for sponsorship opportunities, please contact our team below.

Rebecca Spayne picture 2025

Rebecca Spayne

Managing
EDITOR

Georgina Turner image

Georgina Turner

Sales
Manager

Afua Akoto image - Security Buyer

Afua Akoto

Marketing Manager

Read the Latest Issue

Follow us on X

Follow us on X

Click Here

Follow us on LinkedIn

Follow us on LinkedIn

Click Here

Advertise here

Reach decision makers and amplify your marketing

Advertise here

Click Here

Related News

Milestone - SecurityBuyer

Milestone Systems updates across XProtect, BriefCam, Arcules

Milestone Systems today announced updates across its complete security technology portfolio with releases for XProtect
ASSA ABLOY SMARTair - Security Buyer

More flexible management of Gen-Z student accommodation

Almost everyone attending university for the first time is now a digital native. They expect the convenience…
ICT - securitybuyer

ICT announces Martin Vermaak as COO

Integrated Control Technology (ICT), a leading provider of intelligent access control, intrusion detection, building automation..
SB Awards register now advert - Security Buyer

Launching Security Buyer Awards

Honouring innovation, leadership, and success across the global security industry at the Security Buyer Judges’ and Readers’ Awards 2025 
Product Spotlight - HID

Product Spotlight – HID

Access control is evolving into a smart, responsive platform—integrating embedded apps, IoT, and cybersecurity to deliver…
ICT

ICT announces Stewart Meyer as Chief Marketing Officer

Integrated Control Technology (ICT®), a leading provider of intelligent access control, intrusion detection, building automation and…
ASSA ABLOY Opening Solutions

Digitalising access and optimising workflows

Digitalization is high on the agenda, or well under-way, in all kinds of commercial environments. As part of this process…
TDSi

TDSi Launches UK GARDiS Installer Training

Integrated Access Control and Security manufacturer TDSi announces that it is offering a free Training Kit to individuals taking part…
OneLink

Product Spotlight – Gallagher’s OneLink

Gallagher Security presents, OneLink – the product that is elevating remote security through the power of the cloud 
Stephen Tickle

Comelit-PAC Appoints Stephen Tickle as Regional Sales Manager

Comelit-PAC has appointed Stephen Tickle as its new Regional Sales Manager.  Stephen will focus on supporting PAC’s access control…
Scroll to Top