Moog Acquires German Video Security Firm
Moog Inc. [MOG.A] recently said it has acquired German video security technology firm Pieper GmbH, a manufacturer of video products and integrated vision systems for the security and extreme industrial environments.
Terms of the deal were not disclosed. Pieper had $14 million in sales last year and is expected to add $6.3 million to Moog’s sales for the last five months of its current fiscal year. The acquisition is expected to be neutral to earnings this year.
"Pieper’s systems expertise and hardened video products for extreme environments expand our ability to solve the most difficult vision system problems for our customers," Jay Hennig, group president of Moog’s Space and Defense segment, said in a statement. "Their headquarters…will provide a base from which our security and surveillance business can provide superior local service to our European customers."
Pieper’s cameras and systems are found at airports, German railway stations, ports and canals, international banks, utility companies, sports venues, prisons, the armed forces, and other facilities and organizations.
In the United States, Moog’s Space and Defense segment develops and supplies security camera technology and related integrated systems.