There are ways to grow a business other than investing in existing assets and finding new customers. The physical security sector has witnessed a steady flow of M&A activity in recent years and there’s no sign of it abating. Keen to exploit growing demand for end-to-end solutions, some of the industry’s biggest beasts have snapped up brands in adjacent industries to broaden their portfolio.
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. Pyronix was founded in 1986, and is now in its 30th year of operation. The company has grown to be a leading player in the intruder alarm market both in the UK and worldwide, producing products ranging from PIR’s, security control panels, and smartphone applications.