Transacations

The McLean Group Advises Security Software Company Optosecurity on its Sale to Vanderlande
Transaction Announcement

The McLean Group is pleased to announce that we provided advisory services on this completed engagement.

Recent Engagements
See more transactions
Slide 2
Slide 2

The McLean Group Advises Security Software Company Optosecurity on its Sale to Vanderlande

McLean, VA ā€“ July 10, 2017 ā€“Ā  Vanderlande Industries B.V. acquired Canadian software company Optosecurity Inc. on June 29, 2017. The acquisition further strengthens Vanderlandeā€™s integrated portfolio of solutions and position as the market leader for value-added logistic process automation at airports. The McLean Groupā€™s Aerospace, Defense & Government Services (ADG) practice served as the exclusive transaction advisor to Optosecurity.

Founded in 2004, Optosecurityā€™s software is a platform for remote screening and data integration. The combination of this intelligent software with Vanderlandeā€™s automated passenger checkpoint solutions creates the leading integrator of passenger screening processes at airports. This transaction is a logical step for Vanderlande in expanding its footprint beyond traditional baggage handling projects in this market.

ā€œThe acquisition of Optosecurity supports Vanderlandeā€™s vision of value-added integrated airport logistics systems,ā€ said Andrew Manship, Vanderlandeā€™s Executive Vice President Airports. ā€œWe expect the joint strength of Vanderlandeā€™s SCANNOJET automated passenger checkpoint solution and Optosecurityā€™s eVelocity remote screening application to become the winning solution. This will address the needs of our customers and add significant value in a demanding and rapidly changing global airport logistics environment. Consequently, it will increase the attractiveness of our solutions and enhance the proportion of our market share.ā€

Optosecurityā€™s CEO and President Tim Mathews said, ā€œOptosecurity has a unique proposition for remote screening in passenger processing. As part of Vanderlande, we will be able to mature and expand our range of solutions. I am confident that Optosecurity will be an important and respected member of the Vanderlande family, and we will continue to serve our existing customer base and partners, as well as capitalize on new opportunities.ā€

About The McLean Group

The McLean Group, LLC is a 25-year-old boutique investment bank and financial services firm focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, and Maritime markets. Its team of licensed professionals brings deep industry experience and relentless execution to every client engagement. The McLean Group provides solutions that blend financial creativity with operational expertise. Whether they are providing transaction advisory services, valuation opinions, or growth capital, the Firmā€™s services are unmatched in these core markets. Learn more at www.McLeanLLC.com.

Optosecurity acquired by Vanderlande