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ADI acquires Gardiner

ADI, a low voltage and security distributor, has announced that its parent, Honeywell, will acquire Gardiner Groupe Europe from Electra Partners Europe, a private equity firm, to strengthen ADI's scope in security distribution throughout Europe. The company anticipates completing the transaction in the first half of 2006, subject to regulatory review.

Gardiner Groupe Europe, with its headquarters based in Paris, France, is a distributor of CCTV systems, fire alarm, intrusion alarm, access control, public address and integrated systems. It has 75 branch locations in 10 European countries.

"This agreement will complement both ADI's and Gardiner Groupe Europe's strengths to offer the best solutions to the market, while creating one of the most efficient distribution networks for security products in EMEA," says Tom Polson, president of ADI. "By expanding our global presence we will improve our efficiencies, broaden our inventory and develop programs that directly benefit our customers, we will deliver a value unmatched by anyone." In February 2005, Honeywell began to expand ADI, its North American security and low voltage products distribution business, into Europe. ADI International now has 34 locations in 14 countries.

"We are excited about this agreement, because with the global reach and capabilities of ADI, we will be able to bring additional services and even greater value to our customers," says Jean-Francois Gazielly, CEO of Gardiner Groupe Europe. "We are both committed to exceeding the expectations of our customers and suppliers."

"Gardiner Groupe Europe has defined and become a leader in Europe by focusing on customer success," adds Polson. "Together, we can reach more organisations than ever before with our solid customer commitment, expert people and unique services."

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