Bosch acquires Paladin Technologies, strengthening Climatec portfolio

July 12, 2023
The planned expansion of the Bosch building services business proceeds across North America.
Paladin Bosch 64aef7235cd65

Bosch announced that it plans to acquire Paladin Technologies, Inc. Headquartered in Vancouver, Canada, Paladin is a provider of security and life safety solutions and system integration services in North America.

The company's planned acquisition of Paladin explicitly complements Bosch's 2015 acquisition of Climatec, LLC, which counts more than 1,000 associates in the US. Paladin has over 1,500 associates and projected 2023 sales approaching USD 400 million across 35 offices.

Climatec is part of Bosch Building Technologies and offers energy efficiency, building automation, security, and life safety solutions for the US market.

Corresponding agreements were signed by Bosch and Paladin Technologies on July 4, 2023. It has been agreed that the purchase price will not be disclosed. The acquisition is subject to approval by the relevant regulatory authorities.

“Energy efficiency and security needs are driving factors for the modernization of commercial buildings, particularly in the North American market," remarked Christian Fischer, deputy chairman of the Bosch board of management, who is responsible for the company’s Energy and Building Technology and Consumer Goods business sectors. Fischer continued, "These long-term trends have contributed to the growth of our subsidiary Climatec, which has significantly increased its sales and workforce since we acquired them in 2015. We want to continue Bosch’s success in the delivery of these vital services in the region, and helping make buildings greener, smarter, and safer."

Robust growth

The US is one of the largest and fastest growing markets for Bosch Building Technologies. Bosch's Building Technologies unit is part of the company's Energy and Building Technology business sector, and has seen strong growth with its energy- and cost-efficient commercial building and building services offerings.

The company said its business sector including Bosch Building Technologies grew in 2022 by 17.4 percent. The company currently offers building automation, security, life safety, and energy efficiency services in the US with offices across Arizona, Texas, Nevada, California, New York, and New Jersey.

“The acquisition of Paladin Technologies enables Bosch Building Technologies to significantly expand its system integration business in North America by entering the Canadian market and increasing its US operations," said Thomas Quante, president of Bosch Building Technologies. "Paladin Technologies and Climatec have exciting opportunities to collaborate and bring comprehensive offers to our customers, building upon their respective market positions, strong brands, highly experienced leadership teams and the tremendous industry expertise of their employees.”

Paladin Technologies is part of the Paladin Group of companies founded in 1976 in Vancouver, and 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.

“I’ve always respected Bosch’s long-term business focus, its over 100-year reputation for innovation and its private ownership structure, in which the majority shareholder is a charitable foundation," said Ted Reid, CEO of Paladin Technologies. "We’ve also been impressed by the success of Bosch’s building services growth in the USA and look forward to succeeding together as we build upon our shared values of innovation, teamwork, and the development of our people."

Paladin's total portfolio is comprised of video surveillance, access control and intrusion detection systems, as well as network infrastructure, monitoring, and advanced audio-visual solutions. The company said it will continue to offer customized building solutions built upon the best technologies available from their product partners.

A harmonious combination

With its market presence in Canada and key metropolitan areas in the US, Paladin Technologies is being billed by the organizations as an ideal addition to Bosch’s system integration business, whereby "the portfolios of both companies complement each other perfectly."

For instance, Paladin Technologies is responsible for the design and installation of security systems for Canada's 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.

Further in Canada, Paladin Technologies protects the assets of Cargill facilities, an international provider of food, agriculture, financial and industrial products and services. Paladin Technologies serves Cargill across multiple provinces and states.

For its part, through Climatec, Bosch implements highly innovative projects across the North American market. For example, The Spiral, a premier office high-rise skyscraper in New York City, was equipped by Climatec with an advanced building automation system resulting in a smart and green building offering premium quality of life benefits for its occupants.

Another stateside example is the City of Ontario, California, for which Climatec has implemented significant building modernization and renewable energy systems that saves the city millions in utility and operating costs. Climatec recently worked with the City of Ontario in California to boost its energy efficiency, safety, and connectivity as part of the Smart Ontario project.

“I’m excited for the opportunity to work with Ted and the Paladin Technologies team as we expand our services across North America,” concluded Mauro Lima Vaz, senior vice president of the Bosch Integration Business for North America, and CEO of Climatec. "It was clear from our first meeting that our companies share a common customer and employee-focused culture with a tremendous passion for delivering safe, secure, and efficient building solutions."

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About the Author

Cabling Installation & Maintenance Staff

Cabling Installation & Maintenance publishes news and technical information for information and communications technology (ICT) professionals.

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