What Technology & Security Developments does

Technology & Security Developments S.L. (TSD) is a privately held Spanish manufacturer founded in 2000 and headquartered in Herencia, Ciudad Real, with 101–250 employees. The company designs, manufactures, maintains, and converts armoured and special-purpose vehicles for civil, police, and military customers, alongside physical-security products and vehicle signalling systems. Its offering spans defence vehicles (troop/goods transport on tactical and logistic chassis), state security force vehicles (police vans, special forces vans, anti-riot, detainee transport), emergency vehicles, cash-in-transit (CIT) vehicles with load capacity up to 8 tonnes, and discrete civilian vehicle armoring certified to EN1063-1522/23 European standards. The company also produces ISTAR shelters and containers, optical/acoustic/lighting signalling systems, safes and security cabinets, the proprietary FS Flooding System (a polyurethane anti-theft system for CIT cargo bays), and an in-house Fleet Management System providing telemetry, security alarms, and perimeter monitoring via web application.

TSD's technology base is materials and integration-driven rather than software-driven: certified armoring processes, vehicle bodywork engineering, polyurethane chemistry for the FS Flooding System, and radio/sensor-based telemetry. The group has expanded into adjacent verticals through wholly-owned subsidiaries — TSD Rail, DIVISEGUR (wind energy), DBLUX (emergency/security lighting), and TSD ALMIDA (labour inclusion programme) — collectively branded as the TSD Group.

TSD's business model rests on three revenue streams: one-time vehicle transformation and bodywork contracts (design–build–deliver), hardware sales of physical-security products, and recurring after-sale services (diagnostics, repair, maintenance, integrated logistics planning) under service agreements. Distribution is direct enterprise field sales targeting defence ministries, armed forces, police/security forces, emergency services, and CIT operators; the company self-reports operations in 80+ countries. NATO National Cataloguing Office accreditation, PECAL certification, and ISO 9001/14001/27001/45001/3834 plus ENS category MEDIA underpin access to government and defence tenders. Pricing is not publicly disclosed and varies with customer specification. No public financials, funding rounds, M&A, or executive team details are disclosed in the input data.

Name

Technology & Security Developments

Legal name

TECHNOLOGY & SECURITY DEVELOPMENTS SL

Website

https://tsdinternational.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Technology & Security Developments (TSD) is a Spanish manufacturer that designs, builds, maintains, and converts armoured and special-purpose vehicles for defence, police, emergency, and cash-in-transit operators across 80+ countries.

Ownership category

akta.pro rank

Product category

Defense Vehicle Manufacturing

NAICS

Military Armored Vehicle, Tank, and Tank Component Manufacturing (336992), All Other Transportation Equipment Manufacturing (336999), Armored Car Services (561613)

SIC

Miscellaneous Transportation Equipment (3790)

akta.pro primary industry

Military Tactical Wheeled Vehicles (Light/Medium/Heavy) (IMABAJAK)

akta.pro secondary industries

Turrets, Remote Weapon Stations (RWS) & Armament Integration (IMABAJAI), Military & Tactical Off-Highway Vehicles (Armored, Tactical Mobility) (IMAHAIAJ), Secure Transportation & Protective Driving (Armored / Convoy) (BPAKABAH), C4ISR Systems & Tactical Data Links (IMABAGAE), Cash-in-Transit (CIT) & Valuables Logistics Security (IMAIAEAL)

Keywords

• Armored vehicle manufacturing
• Defense vehicle systems
• Cash-in-transit vehicles
• Physical security products
• Military vehicle conversion

Headquarters

HQ city

Herencia

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Vehicle Transformation and Bodywork: Design, manufacture, commercialization, maintenance, repair, and conversion of armored vehicles, special vehicles, vehicle bodies, and modifications for civil, police, and military use.
2. Security Systems and Equipment: Physical security products including safes, security cabinets, FS Flooding System, and fleet management systems.
3. After-Sale Services: Post-sale support including diagnosis, repair, maintenance, and service agreements for vehicles and security equipment. Includes integrated logistics system for vehicle maintenance planning.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

TSD designs, manufactures, commercializes, maintains, repairs, and converts armored vehicles, tactical and logistic vehicle bodies, and security force vehicles for civil, police, and military use. The portfolio includes the IBERO tactical vehicle family (LTV, SMV, HTV) with STANAG armor levels, cash-in-transit vehicles with up to 8-tonne load capacity, plus physical security products such as safes, security cabinets, the FS Flooding anti-theft system, a proprietary Fleet Management System, and ISTAR shelters and containers. After-sale services, integrated logistics planning, and NATO cataloguing services complete the offering.

Product overview

Technology & Security Developments (TSD) is a Spanish company with over 30 years of experience offering a comprehensive portfolio of Defense and Security solutions. The core product is TSD – Technology and Security Developments, specializing in armored vehicles, tactical vehicle bodies, and security force vehicles for military, police, and civil applications. The company operates as part of TSD Group which includes sub-brands TSD Rail (rail solutions), DIVISEGUR (wind energy), DBLUX (emergency lighting), and TSD ALMIDA (social inclusion). The vehicle portfolio encompasses Defense Vehicles (troop transport), Security Force Vehicles (police/special forces), Emergency Vehicles, Cash in Transit Vehicles, and Vehicle Shielding services. Physical security products include Safes and Security Cabinets, the FS Flooding System (polyurethane anti-theft system), and a Fleet Management System. The IBERO product line features Light Tactical Vehicle (LTV), Security Multipurpose Vehicle (SMV), and Heavy Tactical Vehicle (HTV) with varying armor levels. After-sale services and NATO Catalogue accreditation complement the offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Defense Vehicles Military vehicles for troop and goods transport, featuring bodies of different sizes made with high-quality steels, anti-corrosion treatments, and climate-adapted tarpaulins mounted on tactical and logistic chassis. Targeted at defense ministries and armed forces.
• Security Force Vehicles Customized vehicle transformations for state security forces including police vans, special forces vans, anti-riot vehicles, and detainee transport vehicles. Targeted at national police forces and law enforcement agencies.
• Emergency Vehicles Vehicles designed for rapid emergency response including fire pumps, coordination vehicles, personnel transport, and material transport with quick communication and response capabilities. Targeted at fire brigades and civil protection agencies.
• Cash in Transit Vehicles Armored cash transport vehicles adapted to various chassis models (light, medium, heavy) with load capacity up to 8 tonnes, featuring configurable divisions and zones, and integrating the FS Flooding anti-theft system. Targeted at cash-in-transit operators.
• Vehicle Shielding / Armoring Services Discrete armoring of any vehicle type using different resistance levels according to European classification standards (EN1063-1522/23) while maintaining the vehicle's standard performance. Targeted at executive/VIP protection and security-conscious private clients.
• IBERO Light Tactical Vehicle (LTV) Light tactical vehicle with >1t load capacity, 8 passenger capacity, >5t trailer capacity, dimensions 5200x2100x2100mm, with armor levels up to STANAG I. Targeted at defense forces.
• IBERO Security Multipurpose Vehicle (SMV) Security multipurpose vehicle with >2t load capacity, 10 passenger capacity, >10t trailer capacity, dimensions 6200x2600x2700mm, with armor levels up to STANAG II. Targeted at defense and security forces.
• IBERO Heavy Tactical Vehicle (HTV) Heavy tactical vehicle designed for demanding military operations. Targeted at defense forces for heavy-duty tactical missions.
• Safes and Security Cabinets Physical security products including safes, banking products, fireproof cabinets, gun and ammunition cabinets, anti-theft cabinets, and key cabinets for protecting valuables, documents, and electronic files. Targeted at financial institutions, government facilities, and security-conscious organizations.
• FS Flooding System Proprietary anti-theft polyurethane foam dispensing system for cash-in-transit vehicles that covers cargo areas with solidifying foam within seconds during an attack, making cash theft impossible. Can be activated by different methods based on customer needs and risk exposure. Targeted at cash-in-transit operators.
• Fleet Management System Proprietary R&D-developed vehicle fleet management system providing real-time data on vehicle movement, status, security alarms, perimeter alarms, and pre-programmed events via a web application. Targeted at fleet operators across defense, security, and cash-in-transit sectors.
• ISTAR Shelters and Containers Design, manufacture, and integration of ISTAR (Intelligence, Surveillance, Target Acquisition, and Reconnaissance) shelters and containers for defense applications. Targeted at defense forces and intelligence agencies.
• Optical, Acoustic, and Lighting Signaling Systems Design, manufacture, commercialization, repair, and maintenance of signaling systems integrated into vehicles for police, emergency, and security applications. Targeted at emergency services and security force vehicle operators.
• After-Sale Services Post-sale support including service agreements, diagnosis, repair, and maintenance delivered through a customer-friendly service model. Targeted at all TSD vehicle and security equipment customers.
• Integrated Logistics System Vehicle maintenance planning and optimization throughout the product service life, reducing maintenance costs and extending product durability. Targeted at fleet operators and defense customers managing large vehicle fleets.
• NATO Catalogue Services Cataloguing services accredited by the NATO National Cataloguing Office for TSD's own products and for companies needing to comply with the obligatory clause in Spanish Armed Forces material acquisition contracts. Targeted at defense suppliers and contractors working with the Spanish Armed Forces.

Quantifiable outcome

• FS Flooding System makes cash theft impossible by covering cargo area with solidifying polyurethane foam within seconds of attack

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and minor.

• NATO National Cataloguing OfficecoreStrategic or Co-development PartnerTSD is accredited by the NATO National Cataloguing Office to carry out cataloguing of its own products and for companies that need to comply with the obligatory clause in contracts for acquisition of materials formalised by the Spanish Armed Forces.
• United Nations Global CompactminorOthersTSD is a signatory to the UN Global Compact, reaffirming commitment to ten universal principles in human rights, labor standards, environment, and anti-corruption.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• INKAS Armored Vehicle Manufacturing: Canadian-based manufacturer of armored vehicles for defense, law enforcement, and VIP protection. Directly comparable to TSD across armored SUV, cash-in-transit, and tactical vehicle product lines serving similar government and commercial security customers globally.
• Streit Group: UAE-based armored vehicle manufacturer producing tactical armored vehicles, APCs, and cash-in-transit vehicles for military, police, and security clients. Comparable to TSD in product mix (tactical wheeled vehicles, CIT vehicles) and customer base (government security forces).
• Jankel Armor Systems: UK-based specialist in armored vehicle design, manufacture, and integration for military and government clients. Highly comparable to TSD in European defense vehicle specialization, STANAG armor ratings, and tactical/protected mobility offerings.
• Nurol Makina: Turkish armored vehicle manufacturer producing tactical wheeled vehicles (Ejder, Cobra) for military and security forces. Comparable product portfolio to TSD's IBERO tactical line, competing in similar international defense tenders.
• Centigon France: France-based armored vehicle manufacturer (formerly part of the Centigon Security Group) specializing in armored passenger vehicles, CIT vehicles, and military tactical vehicles. Directly comparable to TSD across European defense and cash-in-transit markets.
• Lenco Industries: US-based armored vehicle manufacturer producing BearCat tactical vehicles for military, law enforcement, and SWAT applications. Comparable to TSD in tactical wheeled vehicle category, particularly for state security force customers.
• International Armored Group (IAG): UAE/Canada-based armored vehicle manufacturer producing armored SUVs, VIP protection vehicles, and tactical vehicles. Comparable to TSD across armored vehicle categories for both government and executive protection customers.

Broad incumbents

• Rheinmetall: Major European defense prime with broad portfolio in armored vehicles (e.g., Boxer, Fuchs), weapons, and military electronics. Larger incumbent operating across similar defense vehicle categories as TSD but at much greater scale and platform breadth.
• General Dynamics European Land Systems: Subsidiary of General Dynamics producing armored vehicles including Piranha, ASCOD/Ajax platforms. Comparable to TSD in European tactical wheeled vehicle offerings but as a major defense prime with broader platform portfolio.
• Thales: Global defense electronics and systems integrator with C4ISR, communications, and integrated defense solutions. Comparable to TSD's ISTAR shelter and signaling systems business as a broad defense electronics incumbent serving similar government customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@tsdtechnologysecuritydevel1077
• LinkedInlinkedin.com/company/1107794
• Instagraminstagram.com/tsdinternational
• Xx.com/tsd_intl

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Technology & Security Developments