Cennox acquires the security company Lockpoint, adding the Gryphon Locking System to their security portfolio.
Cennox, a global supplier of products and services to the financial sector, has completed the successful acquisition of the security company Lockpoint. Announcing the deal on the 3rd October 2019, Clive Nation, CEO for the Cennox Group, stated “Cennox has always focused on building the best combination of products and services around the needs of our banking clients. In the sphere of ATM security, Lockpoint has achieved great results and market presence with their Gryphon Locking System. I am excited to see our teams work together with our new colleagues from Lockpoint, to deliver new sales opportunities for these devices to a wider global audience”.
Formed in 1989 as a security consultancy business, Lockpoint has been active in the development of their successful security device, the Gryphon Locking System, to many major banks and financial companies. A recognisable brand in the industry and robust and reliable security solution, the Lockpoint product, team and facilities will become embedded into the Cennox Group with immediate effect ensuring no disruption of service.
Bill Price, CEO at Lockpoint confirmed the acquisition. “Having seen Cennox’s growth and expansion of their security presence in the industry, I have been impressed with their passion on building a complete portfolio of security products and services. The Lockpoint product and our people perfectly complement the Cennox offering and I am confident Cennox will achieve great success at introducing our products to a wider audience”.
Cennox has been incredibly active in the security arena, supporting many banks around the world, deploying a wide variety of patented and bespoke security solutions. A prominent presence in the industry, Cennox has carved a leading position in delivering an incredible array of security solutions, especially those designed around the ATM and banking community. This new acquisition will contribute to strengthening their physical security foot print worldwide.