Under the agreement, Siemens will have exclusive marketing and distribution rights in Europe for a container security solution developed by CommerceGuard AB, and has acquired a minority stake in the company, which is a subsidiary of GE’s security business.
The CommerceGuard solution features a container security device that sticks magnetically to the inside of an international cargo container and registers any opening of the container door. Fixed and handheld readers are said to record its status in a database that can be accessed by authorised importers, shippers and government officials anywhere in the world.
Commenting on the acquisition, Jens Wegmann, president of security systems at Siemens, said it would “strengthen our business in the high-growth market for electronic security systems”.
