Vanderbilt and ACT owner acquires ComNet

Posted On 13 Dec 2016
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comnet-logoACRE the holding company that owns Vanderbilt Industries, Mercury Security and recently acquired ACT in Ireland, has announced the acquisition of Communication Networks (dba ComNet) , the manufacturer of video and data transmission equipment.

ComNet offers fibre optic, copper, and wireless video and data transmission equipment that is designed to meet the needs of security and surveillance in the intelligent transportation systems, utility and industrial markets.

ACRE CEO Joe Grillo stated: “In line with our mission, the ComNet acquisition, with their extensive offerings in the communication and data transmission technologies, continues to round out the product portfolio provided by the ACRE family of companies”.

Commenting on the acquisition, Andrew Acquarulo Jr, ComNet CEO and President, declared: “ComNet is excited to join the ACRE group and recognises the strength it will bring to the brand and the synergies that are immediately apparent with the other ACRE companies.”