Bosch expands in North America with building security group

Bosch expands in North America with building security group

Business news |
By Nick Flaherty


Bosch to buy a leading building security group in Canada that has operations across North America.

The size of the deal to buy Paladin Technologies in Vancouver was not made public, but the group has been on the acquisition trail in recent years and has projected 2023 sales approaching US$400m. It has over 1,500 associates across 35 offices.

Paladin will be added to Bosch’s 2015 US acquisition of Climatec, which is part of Bosch Building Technologies and offers energy efficiency, building automation, security, and life safety solutions for the US market.

Bosch Building Technologies is part of Bosch’s Energy and Building Technology business sector and reports strong growth with its energy- and cost-efficient commercial building and building services portfolio. The business sector including Bosch Building Technologies grew in 2022 by 17.4 percent.

Paladin Technologies is part of the Paladin Group of companies founded in 1976 in Vancouver and supplies video surveillance, access control and intrusion detection as well as network infrastructure, monitoring and advanced audio-visual solutions. Paladin Technologies will continue to offer customized building solutions built upon the best technologies available from product partners.

“Energy efficiency and security needs are driving factors for the modernization of commercial buildings, particularly in the North American market. 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,” says Christian Fischer, the deputy chairman of the Bosch board of management who is responsible for the company’s Energy and Building Technology and Consumer Goods business sectors.

Bosch Building Technologies

“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. 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,” says Thomas Quante, president of Bosch Building Technologies.

 “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. 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,” says Ted Reid, CEO of Paladin Technologies.

“I’m excited for the opportunity to work with Ted and the Paladin Technologies team as we expand our services across North America. 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,” said Mauro Lima Vaz, Senior Vice President of Bosch Integration Business for North America and CEO of Climatec.



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