HONEYWELL INTERNATIONAL INC acquired AV Digital Audio-Videotechnik GmbH, a transaction announced in March 2008, structured as Acquisition of a privately held company; financial terms undisclosed.
AV Digital Audio-Videotechnik GmbH operates in Automation and Control Solutions (Life Safety / ESSER fire and voice-alarm systems), is based in Vienna, Austria. AV Digital Audio-Videotechnik GmbH was a privately held, Vienna-based developer and manufacturer of public-address and voice-alarm/notification sound systems used to support safe building evacuation during emergencies (not CCTV/video surveillance). Honeywell acquired the company to fit its fire and life-safety systems operations (ESSER by Honeywell); it was described as Honeywell's first acquisition in Austria.
Broadens Honeywell's fire-alert and emergency-communication portfolio by adding AV Digital's voice-alarm and public-address technology for more complete life-safety and evacuation-notification offerings.
Advisory firms were not disclosed for this transaction.