The McLean Group Advises Security Software Company Optosecurity on its Sale to Vanderlande
McLean, VA – July 10, 2017 – Vanderlande Industries B.V. acquired Canadian software company Optosecurity Inc. on June 29, 2017. The acquisition further strengthens Vanderlande’s integrated portfolio of solutions and position as the market leader for value-added logistic process automation at airports. The McLean Group’s Aerospace, Defense & Government Services (ADG) practice served as the exclusive transaction advisor to Optosecurity.
Founded in 2004, Optosecurity’s software is a platform for remote screening and data integration. The combination of this intelligent software with Vanderlande’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.
“The acquisition of Optosecurity supports Vanderlande’s vision of value-added integrated airport logistics systems,” said Andrew Manship, Vanderlande’s Executive Vice President Airports. “We expect the joint strength of Vanderlande’s SCANNOJET automated passenger checkpoint solution and Optosecurity’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.”
Optosecurity’s CEO and President Tim Mathews said, “Optosecurity 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.”
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The McLean Group is a leading investment bank that provides objective strategic and financial advice on mergers and acquisitions and business valuations. The firm’s ADG team is one of the largest dedicated groups in the country and has deep transactional expertise in nearly every segment of the government market. Continuing its track record as a leading advisor to middle market companies in the ADG industry, The McLean Group and its principals have closed 69 transactions since 2010. The firm’s transaction advisory and valuation services reflect comprehensive industry knowledge, extensive transactional successes, commitment to providing senior-level attention to every client engagement, and real-time understanding of industry-specific valuation drivers.