Security

Hikvision’s First Major Deal Baffles the Market

The Video Surveillance industry has long forecast that HIKVision the world’s largest manufacturer would make its first major deal in North America; Its largest market outside China its home market. However on Friday, with more than $1.5 billion to spend it buys Pyronix a $30 million revenue (2014 Figures) Intruder Alarm business based in the UK. The fact that it did not elect to buy another Video Surveillance company is not so surprising since it has grown organically from its inception in 2001 to a $4 billion revenue company in 2015. This far outstrips any other physical security manufacturer in the world. It has been built up on its domestic market, China which is the largest single country for video surveillance equipment. They also benefit from the fact that its largest single owner, the Chinese government, is the world’s number one buyer. We expected that they would buy a substantial Access Control manufacturer, because this […]

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