Vancouver, Canada – Bosch has completed the acquisition of Paladin Technologies, Inc., headquartered in Vancouver, Canada – a leading technology company known for its innovative solutions in security, audio visual, structured cabling, and networking & wireless. This strategic move marks a significant milestone in Paladin Technologies’ journey, opening up new avenues of growth and innovation.
With history dating back to 1976, as part of the Paladin Group of Companies, Paladin Technologies emerged as a premiere systems integration brand in 2017. Paladin Technologies has over 1,500 associates across North America and projected 2023 sales approaching USD 400 million across 35 offices.
“At Paladin Technologies, our most valuable asset has always been our people. With this acquisition, we are excited that our talented teams have joined an organization that has held a reputation for innovation and leadership for over 100-years. Our colleagues have been the driving force behind our success, and this acquisition is a testament to their dedication and hard work,” says Ted Reid, CEO of Paladin Technologies.
The Paladin Technologies acquisition effectively doubles the size and geographic reach of Bosch Building Technologies’ existing North American Integrator Business. Prior to today, that business was comprised solely of Climatec, LLC, acquired by Bosch in 2015. The Climatec team of over 1,000 associates offers building automation, security, life safety, and energy efficiency services with offices across Arizona, Texas, Nevada, California, New York, and New Jersey.
“We are delighted to officially welcome the highly qualified Paladin Technologies team to Bosch Building Technologies. Based on our shared passion for this industry and commitment to deliver exceptional system integration solutions and services, we are confident of the business growth, collaboration, and market leadership we will achieve together,” says Thomas Quante, president of Bosch Building Technologies.
Since its inception, Paladin Technologies has worked diligently to deliver specialized technology solutions that enhance its clients’ operations. Focusing on verticals such as healthcare, utilities, government, commercial buildings, and gaming, Paladin Technologies has seen rapid growth across the North American market. Inside of the past two decades, Paladin Technologies has driven double-digit percentage revenue growth by pairing a strong entrepreneurial strategy with a conservative capital structure.
“Paladin Technologies’ existing clients and partners can rest assured that the high standards of quality and service they have come to expect will only continue to improve. In fact, this acquisition will enable us to serve our stakeholders better by offering a more comprehensive suite of solutions through long term collaboration with Climatec, and an ability to strengthen our geographical reach,” says Iain Morton, Chief Operating Officer, Paladin Technologies.
The acquisition will not only bolster Paladin Technologies’ capabilities but also enhance the customer experience the company can offer. With a broader range of resources across Paladin Technologies and Climatec, as well as a shared commitment to innovation, these collaborative entities are poised to provide cutting-edge solutions and services that meet the evolving security, building infrastructure, and digitalization needs of the industry.
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About Paladin Technologies:
Paladin Technologies is a premiere building systems integrator operating across North America. As a leader in the design, deployment, optimization, management, and maintenance of security, communication, audio visual systems and digital networks, Paladin Technologies is driven by a strong corporate culture and a vision of innovation through teamwork. Paladin Technologies designs and deploys sophisticated solutions for clients on a national scale, while providing expert local support with over 1,500 associates in 35 offices across Canada and the US. For further information see paladintechnologies.com.
About Bosch Group:
The Bosch Group is a leading global supplier of technology and services. It employs roughly 421,000 associates worldwide (as of December 31, 2022). The company generated sales of 88.2 billion euros in 2022. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting.
It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 136 locations across the globe, Bosch employs some 85,500 associates in research and development, of which nearly 44,000 are software engineers.
The company was set up in Stuttgart in 1886 by Robert Bosch (1861–1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The remaining shares are held by Robert Bosch GmbH and by a corporation owned by the Bosch family. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust.
A Bosch Company: For over 40 years, Climatec has steadily invested in the people, technology, and services needed to be its customers’ trusted business partner. Today, Climatec is one of the leading providers of building technology and energy solutions in the nation with over 1,000 associates across Arizona, California, Nevada, New Jersey, New York and Texas. Climatec’s technology partners include the world’s leading suppliers of building automation, security and life safety, and energy efficiency technologies. And since 2015, Climatec has proudly been part of the Robert Bosch group of companies. For further information see www.climatec.com.