Security and alarm company Action24 has agreed a deal to buy Integral Security whose clients include companies like Lifestyle Sports, Powercity and Café Sol.
The value of the acquisition has not been disclosed and the companies declined to comment.
But industry sources suggest the figure could be in the region of €2m.
Action24 provides monitored intruder and fire alarms, CCTV and access control solutions to over 20,000 commercial and residential clients across the country ,
It said it was seeing significant growth in its smart home alarm offering recently .
Founded in 1981, it employs 75 staff across installation, maintenance and monitoring divisions.
Action24 last year received an investment of €3.6m from growth capital investor BGF to support future growth and development.
Integral Security provides security solutions to corporate and retail clients including Lifestyle Sports, the Irish Aviation Authority, Powercity and Café Sol.
The firm employs 15 staff and is led by Adrian Thompson and Paul O'Connor; both of whom will be joining Action24 on completion of the transaction.
Aaron Mooney, CEO of Action24, said the company has worked closely with Integral Security for many years.
He said the company already provides monitoring services to a number of their key clients, adding that this is a natural progression for both companies.
"In international terms the security and alarm industry in Ireland is quite fragmented and there are significant opportunities for consolidation in the industry here. We are determined that Action24 will play a role in that process," Mr Mooney added.
