Pyronix, a security manufacturer focusing on intrusion alarm systems, has announced its acquisition by Hikvision. A multi-billion-dollar Chinese based company, Hikvision is one of the world’s largest video surveillance manufacturer.
Hikvision, the world's leading supplier of video surveillance products and soutions, has announced the acquistion of Pyronix, the UK-based intrusion alarm security firm.
For Pyronix, Rotherham, and the region, the foreign direct investment that this will bring to the UK will be huge. Hikvision has big plans for the growth of Pyronix and the continued development globally. In the last 15 years Hikvision has demonstrated what can be achieved in the video surveillance market. With this guidance, Pyronix can achieve great things in the global market place.”
Jiang Feng Zhi, recently appointed chairman of Pyronix, commented on the acquisition, “These are exciting times for Pyronix and Hikvision as the two companies work together. Hikvision has plans for significant investment in the UK and particularly in its UK-based manufacturing, with plans to dramatically expand operations. We are delighted to welcome Pyronix to Hikvision group, and we look forward to growing the business through introduction of intruder alarm products to the global market.”
Hikvision plans to apply Pyronix expertise and know-how in intrusion detection systems to its leading position in the video surveillance market. The result, says Sebastian Herrera, the Chief Executive Officer of Pyronix, will mark the future of security systems.
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