Andover Controls is a US market leader in providing building
controls and security services. The sale includes Andover
Controls, the core building automation business based in
Andover, Massachusetts, as well as Andover Controls’ security
division consisting of Security International and Integral
Technologies, in addition to Andover’s international subsidiaries
and affiliates. Andover Controls generated approximately
$US169 million of revenue and $US28 million of EBIT for the
year ended December 31, 2003.
Dave Wathen, President and CEO of the $US8 billion Balfour Beatty said: “The sale of Andover Controls is part of a process of focusing on, and of generating growth from, our core engineering and construction businesses. By repositioning our portfolio of businesses in the USA, Balfour Beatty will be able to more effectively target strategic sectors to our core business, improve our costs, effectiveness and overall ability to compete.”
“There has been significant consolidation in the US building management controls market in recent years, and the business requires a specialist owner in order to continue to compete successfully under the new market structure which is emerging.”
