ADI South Africa Closing Down
In a shock to the local security scene, ADI South Africa is closing down. South Africa has a large and competitive security market, boosted by high crime rates.
ADI, one of the world's largest security distributors, is under financial pressure, e.g., ADI Financial Problems And The Case For Breaking Up Resideo Analyzed.
In this post, IPVM examines ADI's decision and its impact.
Executive *******
****** "****** *********** ****** **********, ******** instability *** ******** ****** **************," *** South ****** ** ******* ****.
*** ******** ******** ** ***** ****** is ***** **** *** *** ****** too ***********, ******* *******, ******** **** IPVM. *** ****** *** ******* **** the ****'* ******* ****** "*********" *** that *** *** *** ** **** with *** ***** ******.
***** ****** ** ***** ** **** problems, ***************** ***** ******* ****** ** *** ***** ********. *******, **** ***** ***** ** strong ******** ******. *** ** ***** broader ******** ** *** ***** *** improve *************, **** ******* **** **% so *** **** ****.
ADI * ***** ****** *********
*** ***** * *********** ***** ******: * ** ************ plus *** **** ** **** ****, Durban, **** ********* *** ********:
Revenue *** ***** ******
** ******** ***'* ***** ****** ****** revenue ** ** $** ** $** million ***, ***** ** *** * locations *** *** ************* ** ****** distribution ****** *******.
*** * ******** *** **** ** ADI, **** $* ** $* ******* total ********, **** ** ******* *-*% of *******.
ADI ******** ****
** * "*****" ** ***** ********, ADI ** ******** **** ******** ****** ********* ** "****** *********** ****** **********, currency *********** *** ******** ****** **************," it **** ** * ******* *****,***** ******** *****************:
*** ** *** ****** *********** ****** conditions, ******** *********** *** ******** ****** infrastructure, ** **** ** ** * necessary ****** **** **** ****** ** to ******* *** *********** ** **** us ******* *** ******* ****** ****** plans [...] [********* ****] ***** ** able ** ****** ******** ******* ** the ******* ****** **********
***'****** ****** *********** "*** **** **** ** ****** 14th ******** ****".
South ****** ******** ********
** ***** ** ***, ***** ******'* economy ** ********* **** ****** **********, including********** ***** ************ ** '**** ********' *** ********** *** ***** ** *** ******** (the ****). *** ***************** ********** ** ****.
Security ****** '*********'
***** ******'* ******** ******** ** ********** from ****/***********, **** *** *********** ******* **** the ****** ****** ** "*********", ********* "near *" ******* ** *******.
******* ********** **** *** ****** ** "still ****" *** "****** ***********," ****** Hikvision ********* "**** **** ****" *** market, *** ***** ****** ***** "******* well":
*** ****** ****** ** *********** *** crime ** *** ** ******* ** many *****, **** ** ************ [***** cuts] *** **** ** ***** ******** all *** ** ***** **************. * was ******* **** [***] ********* ******* out ** ** ** ** ******. In ** ******* *** ******** ******** in ** ** ***** ****, *** likes ** ********* **** **** **** half ** *** ****** *** *** the *** ***** ****** ******* ****
**** ********* ******* **** *** ***** shutting **** ** ***** ******, *******, it *** *** ******* ** ** press ****.
******* ********, * ****** *** ******* *** managing ******** ****** *********, **** **** ***'* ******* ****** "atrocious" ****** *** ** ***** ******'****** ******** ******* ** **********:
*** *** * ******* ** **** however ***** ******* ** *** ****** was ********* - ** ** ****** customer ************* ******* ** ***** ****** management ********* **** *** *** **** the ********* [...] ***** ******** ********* and **** ******* *** **** **** not *****
******** **** "*** **** * ****** of **** *** ******** *** ****** thought *** *** ******" ***** ******* more ** ***-**** *** ******* "******** I ********** ****** ***** ***** ******".
PRC ********* ******-**** **** ** ************
********** **** **** **** *** ********* is ****** **** ** ***** ******. With *********** ******* **** ****** *******, low-cost **** ** *** ****. *******, South ****** *** ** ************ ** PRC ****************** **, **, *********, ******, ***.
**************** ******** ** ***** ******, ***** it *** ** ****** ** ***** Africa *** ***** ************* ***********. ***** **** *** * ***** Africa********** *********.
*** ** ****** ********* ******, *** *** ***** *********** *********,*** **** ***** ***** **** ********* lines **** **** *** *****. ********* is *** ***** ***** ********* ** ADI ***** ******'* ******** ** ** today:
Resideo **** ******* *********
*** *** ***** * ****** ** 2023, *** ******'* ******* **** ********** (0.14%) ** $*.* ******* *** ******* fell **% ** $****, *** ***** **** ******:
*** ****** *******'* **** *********** ***** 2022 *** *** ********* ******** **** ****, *.*.,******* **** *****, **** ******* **** Analyzed.
*******'* ***** ** ******** ** (*.*%) in **** *** **** ~**% **** the **** **** *****:
*** ****, ****** ********* ******** *** *** **** For ******** ** ******* ********.
South ******/*** *******
******* **********, ***** ******'* ******** ****** is ****** *********** *** ***** *** further ******, ************ ** ***** ********* to ****.
***** ******* *****, *******, **** ********* for * **** **** *** ** exit, ************ *** ** *** ****** company's ****-*******.
**, ** **** * **** ** ADI ******** ********* ** ***** ****** then ********* ******* ** ****** ******, opening ** ****** *** ******** * competitor ** *** ******** *******?
** ***'* **** *** ********* *** way ** *** ***** ** ****.
********* *** ****** ************ ** ***** countries, ***** *** ****** ****, ******* for ******:********* ***** ******* ** ******'* *****, Mexico's ******* ***********,********* **** *******' ******* *********** (** Group)
** ** #*, ****'* * **** question. * ***** *** ** ** South ****** ******* *** **** ******** basically ***** ** *** ***** ** SA, ******. ****'* ***** ********:
*** ****, **** ******** **** **** asked *** ******* ***** ***, ***** have **** ********* **** ******** **** direct ** * ******* **** ** Chinese ********* *** ** **** **** they **** ****** ******* ***** **** are *** ***** ******** **** *** 4 **** ************ *** ********* ** playing ** *** ***** *** ****** than ***** *** ** ****** ***** to **** ****** ** **** ****** share **** ***** *** ********* ***** on *** *****. *** ******** ********* in **? *** **** ***** ****, there *** **-*** ***** *** **** the ****** *** **** ** *********
*** ** **** ** ***** ** out, *** **** **** *'** **** SA's '********' *** ******** ****-*********, *** of ****** ****** *******. **** **** considered *** ******** ***** ** ****** not **** **** ***** ****.
******* ** ****'* ***** ******* ** California ***, **** ** * ****** level ** **; ******* **** *** just ***** ** *** ***** * bit.
** **** ***** ***** *** * company ** *** ** '******* *** storm' ** '***** ******* *** ***** times' ** * ***** ****** ** there ***** ** ** * ********** chance ** ****** ********* ** * not-too-future ****.
***** *** *********** *** ** '****' at ********** ****** *** ******* ********** like ******** (*** ******** & ******** services), *** *** **** ** ** bleeds *** *** ******* ** ****** it... ** ** ******* ** ****** supplied **.
*****'* **** * ****** *** ***** in *** ***** ********** *** *** providing ****** ***-*** *** **** ******* enough, **** **** *** ********* **** about *** **** *** ********* *** doing *** **** ** ****, ** the **.
*******, **** ******.
****'* ***** ***** ******** **** ** that ** **** **** **** ** return ** **** ******, ** ** going ** **** ***** * *** more ** ******* ********** ** *** out ** ******** ***** ***********.
******* ** ****, ********* ********* *** to ***** ******* **** ***** **** the **** **** ** * *** years **** **** ******* *** ******* from ******* ** *****.
**** * ***'* **** ****** ***** is *** ********** ** ***** ****** and *** **** ****** *** *** ADI *****.