Security News Every Day
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d e t e k t o r i n t e r n a t i o n a l · 3 1
Security News Every Day
www. securityworldhotel.com
Weybridge, Surrey (UK)
Samsung Techwin rebrands to Hanwha Techwin
In November 2014
an agreement
was signed which saw the control-
ling shareholders of Samsung
Techwin
sell their holding stakes
in Samsung Techwin to Hanwha
Group, giving Hanwha Group a
32.4 % stake in Samsung Techwin.
Now, as of April 1st, 2016 Sams-
ung Techwin Europe will be opera-
ting under the name Hanwha
Techwin Europe Limited.
"One year ago we made the
announcement that Samsung
Techwin had become a part of the
Hanwha Group. While our name
is changing, the innovation, qua-
lity and reliability of our products
will remain the same," said Bob
(H.Y.) Hwang Ph.D., President,
Samsung Techwin Europe. "The
same is true for our factories, sales
companies and channel partners
which remain unchanged Han-
wha Techwin Europe will continue
to offer the best in value and
performance to the professional
surveillance and security industry."
Samsung branded solutions
offered by Hanwha Techwin
include a growing line of the
advanced WisenetIII megapixel
cameras, along with new additions
to the popular Wisenet Lite line.
The company's
introduction of
Wisenet HD+
(Analogue High
Definition)
cameras and
DVRs enables
users with ana-
logue infrastruc-
ture to enter the
HD arena.
business
news
Bob Hwang,
President,
Samsung Techwin
Europe.
Stockholm, Sweden
Morris Plaines, NJ (USA) and Strasboug, France
Hangzhou, China
Assa Abloy sells Car Lock business
Honeywell acquires RSI Video for $123m
Hikvision shows almost 50% growth
Assa Abloy
has signed an
agreement with Japanese Alpha
Corporation to sell its Car
Lock business. The acquisi-
tion will complement Alpha
Corporation's existing automo-
tive supply business, leading to
synergy opportunities which are
currently limited within the Assa
Abloy Group.
The Car Lock business, which
has its headquarters in Tyniste,
Czech Republic, employs 450
people and has operations in
Mexico, Germany, Switzerland
and China. The business had a
turnover of EUR 60 M in 2015.
Alpha Corporation is headqu-
artered in Yokohama, Japan, and
employs over 4,250 people. The
acquisition will expand its global
footprint to a total of 19 sites
across 11 countries.
"I find it very satisfying that
in Alpha Corporation the Car
Lock business gets a committed
long-term owner that gives the
business a new strategic home
and creates opportunities for a
continued good development"
said Johan Molin, President and
CEO of Assa Abloy.
The transaction will have a
positive effect on Assa Abloy´s
operating margin and be neutral
to EPS.
The transaction is subject to
regulatory approval and is expec-
ted to close during the second
quarter of 2016.
Honeywell
has acquired privat-
ely held RSI Video Technologies
(RSI), a leading global provider
of intrusion detection systems for
commercial and residential secu-
rity applications under the brand
Videofied, for approximately $123
million (113 million).
RSI's wireless battery-powered
motion detectors with built-in
cameras deliver live, high-quality
video over the cloud to central
monitoring stations and end-
users. The acquisition enhances
Honeywell's ability to meet the
increasing global customer need
for video verification, and it also
brings a unique do-it-yourself
(DIY) offering combined with
professional monitoring.
"RSI complements Honeywell's
industry-leading security portfolio,
and brings significant new tech-
nology and software that provides
added value to our security dealers
and channel partners," says Alex
Ismail, president and CEO, Ho-
neywell Automation and Control
Solutions.
"The industry has been looking
for ways to reduce the burden on
local law enforcement resources re-
sponding to false alarms. RSI helps
reduce false alarms by providing
cost-effective indoor and outdoor
video verification solutions to
dealers and central monitoring sta-
tions, states David Paja, president
of Honeywell Security and Fire.
Founded in 2000 and based
in Strasbourg, France, with key
operations in Minnesota, RSI has
one of the largest installed bases
of video-verified alarm systems in
the world, with more than 1 mil-
lion installations in more than 60
countries. It has approximately 110
employees in France and the U.S.
Hikvision
has released its latest
annual figures which show that
preliminary earnings for the
full-year 2015 have resulted in
revenues of US$3.88 billion that
amount to a 46.97% growth rate
year on year.
Cynthia He, vice president at
Hikvision, says there were a num-
ber of significant factors behind
the company's sustained growth.
"The security industry is continu-
ally developing and Hikvision is at
the forefront of that development,"
she says. "Our ongoing investment
into research and development is a
crucial component of our growth.
Each year Hikvision invests 7%
to 8% of our sales revenue into
R&D, focusing on product
innovation and our comprehen-
sive and industry-leading product
development system.
"We have an ever-expanding
network of domestic and inter-
national business contacts, which
allow us to keep in touch with the
market and make decisions based
on the practical requirements of
customers worldwide. And our
range of total solutions for vertical
industries means we can cater to a
huge variety of specialist applica-
tions.
"In 2016, Hikvision intends
to continue with this impressive
momentum, with an ongoing
emphasis on developing new
partnerships, further business ex-
pansion, and continuous product
innovation."
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