business news Business PeoPle Avigilon prepares for take-over bids Vancouver, Canada Albert Unterberger appointed to the new role of Director Strategic Alliances, Seetec Avigilon Corporation has adopted a shareholder rights plan that will help maximize shareholder value in the event of an unsolicited take-over bid by providing additional time for Avigilon’s shareholders to consider the bid, and for its Board of directors to explore, solicit, and consider strategic alternatives. The Company maintains that it is not aware of any proposed take-over bid at this time. Under the rights plan, one right will be issued for each Avigilon common share. The rights will only become exercisable in the event that any person or group acquires, or announces an intention to acquire, Shares that would take their Shareholdings to at least 20% of the Company’s outstanding Share capital. The rights will permit shareholders other than the acquirer to purchase additional shares at a substantial discount. A permitted take-over bid, however, will not trigger the operation of the rights; such bid would need to, among other things, be made by way of a circular to all sharehol- seetec aims for growth with industry veteran (Bruchsal, Germany) Albert Unterberger joins Seetec as a designated specialist looking back on nearly 30 years of experience in the video management and analytics industry and one who has taken an active role in establishing IP video in the German-speaking markets. Before joining Seetec Albert Unterberger was in a leadership position at IPS, a manufacturer of video management and analytics solutions based in Munich and a business unit of Securiton GmbH. As Director Strategic Alliances he now reports directly to the Seetec management board. Andreas Beerbaum, managing director of Seetec GmbH and responsible for sales and product management, is happy about the new team member: ”In order to prevail in the concentration process, which is currently taking place in the security industry, stable and sustainable partnerships on a commercial as well as on a technical level are of major importance. With Albert Unterberger we succeeded in winning an experienced specialist with the required background and with a wide professional network all over the industry.“ ders, remain open for acceptance for at least 120 days, and not close unless more than 50% of the non-acquirer’s shares have been tendered thereto. The permitted bid criteria is based on the proposal put forward by the Canadian Securities Administrators for amendments to the Canadian take-over bid rules published in March 2015. The rights plan will require shareholder approval within six months, and has been accepted by the Toronto Stock Exchange subject to such shareholder approval. The Company intends to present the rights plan to shareholders at its 2016 Annual General Meeting. Bosch sets up new company for the Smart Home Stuttgart,Germany Bosch is strengthening its business in solutions for the smart home. From January 1, 2016 the newly founded subsidiary Robert Bosch Smart Home GmbH has brought together the company’s smart-home activities, including related software and sensor-system expertise. The new company will offer many products and services for connected homes from a single source: for example a new solution that can report break-ins and help control the heating to save energy. From January 2016, customers will be able to order the first Bosch products in this field online. These include the Bosch smart home controller, a smart thermostat, and a contact for doors or windows. Bosch’s smart-home solutions are aimed at a giant market: according to market experts, by 2020 alone some 230 million homes worldwide – almost 15 percent of all households – will feature smart-home technologies. “Setting up the Bosch smarthome subsidiary is an important strategic step toward pooling and expanding on our range of solutions for the smart home. Smart homes facilitate new services that make their occupants’ lives easier, and they offer major business potential,” says Dr. Stefan Hartung, the member of the board of management of Robert Bosch GmbH responsible for the Energy and Building Technology business sector. Bosch smart-home solutions are designed to meet the highest standards of data protection and data security. These standards are taken into account right from the start of the product development process. To this end, Bosch has also set up a center of competence for product security. Customers and users have full transparency and decide for themselves how their data are used. Bosch smart-home system solutions mean that a single platform is sufficient to interconnect the heating, lighting, smoke alarms, and appliances in a home. All these can then be operated simply using a smartphone or tablet. The core of the system is the Bosch smart-home controller, a central control unit that connects the components with each other and to the internet. In the future, users will be able to use the Bosch smart-home app to combine the basic functions of unrelated devices. For example, the door and window contact solution reports whether a window is open. When this happens, the system can automatically turn down the heating in the relevant room, in line with the user’s preference settings. What is more, users can check their smartphone anytime, anywhere to see whether doors and windows are open or closed. In future versions of the door and window contact solution, the system will sound the alarm if a window or door is broken open when the occupant is absent – meaning, according to Bosch that there will no longer be any need for a separate alarm system. When it comes to connectivity, Bosch believes open standards and open platforms will make the technology as user-friendly as possible. For this reason, the Bosch smart-home system is modular and expandable, and it is easy to connect compatible devices made by other manufacturers to it. Security News Every Day – www. securityworldhotel.com 28 • d etektor internati onal