Cemtrex to Complete 100% Acquisition of Vicon Industries to Strengthen Security Technology Portfolio
Cemtrex to Complete 100% Acquisition of Vicon Industries to Strengthen Security Technology Portfolio
12/04/24, 2:38 PM
Location
Industry
homeland security
security
Cemtrex Inc., an advanced security technology and industrial services company, is set to complete the acquisition of 100% ownership of Vicon Industries, Inc. This strategic move will solidify Cemtrex's position as the sole owner of Vicon Industries, increasing its stake from approximately 93% to 100%. This acquisition aims to complement Cemtrex's core business and strengthen its security technology portfolio to meet the increasing demand for security solutions across various sectors.