Hanwha Techwin Spins Out Security Business

By: John Honovich, Published on Mar 06, 2018

In an era of security acquisitions and mergers, with most recently Avigilon being acquired by Motorola and Bosch merging its security businesses, Hanwha is going against that trend, spinning out its security business to provide greater independent operation.

In this note, we examine the move, the competitive positioning of Hanwha now and the potential impact this spin out will have.

** ** *** ** security ************ *** *******, with **** **************** ***** ******** ** Motorola******** ******* *** ******** businesses, ****** ** ***** against **** *****, ******** out *** ******** ******** to ******* ******* *********** operation.

** **** ****, ** examine *** ****, *** competitive *********** ** ****** now *** *** ********* impact **** **** *** will ****.

[***************]

Background - **** ******* ** ******

** ******** ****,******* **** *** *** controlling ********* ** ******* to ******. ** *** **** 3 *****, ****** *** migrated **** **** *** Samsung *****, *** ***** Hanwha ****** ***'*******' ** *** **-******* branding.

** *** **** ** the ***********,** ****** * *********: ** *** ******** side, *** ******* ***** was ****** *** *** Hanwha ** ** ****** typically ******** ** ******* products. ** *** ******** side, ****** *** ********* to ****** ** *** security ********, **** ** the ******* **** *** in ***** *** *********.

Spinning *** *** ************ **********

******* *** ************ **** a ****** ** ******* electronics *** ********** **********, including ********* *********, *********, power *******, ******, ***. As****** **** *** ********, *** ********* ******** will ****** ****** *********, the ***** ******** **** be ***** ** * another ****** ******** ***, most ***********, *** ***** surveillance *************, *** ******** business **** ** **** out. *** *********** ***** of *** ******** ******** will ***** ** ******.

Remains ****** ******* **** **** ***

*** **** *** ******** business **** ****** *** existing ****** ******* ********* name *** *** ******* branding **** ******** ** be *******.

Independent *********

****** ********* ****:

** ****** **** ****** more ************ ** ******** operation **** ***** ** to **** ****** *** professional ******** ******. ** have ** ***** ** becoming * ****** ****** in *** **** ***** surveillance ******** **** ************ competitiveness.

Competitive *********** - ********

** *** **** * years, ****** *******'* ***** surveillance *********** *********** *** certainly ********. ****** *** been *** ** *** few ****** ************* ** continue ** ************* ****** in ***** ************. **** have ********* ** ******* new ******** ********** ***** including***** *.***,************** *****-*******,***** *** ***** *******, ****-** **** *** interface, ***.

** ********, **** **** reduced *******.**** *** ****** **** its ***** ************ ******** to *****, ***** ***** *** more ******* ** *********, likewise********* ** **** ******* on *********, *** ********* *** smaller ****** ************* **** generally *********,***** *** ********, *******'* ********* **** worsened, ***.

Only * *** ***** ****** ************* ******

*** **** ************ ****** market **** *** * few ***** ************* ********* investing, **** ******* ********, Axis, *****, ********* *** Hanwha.

Emerged ** ****** ******

****** *** ******* ** the '****** ******'. ** the ******, **** ********* end, ***** ** ******** with ***-**-*** ********* *** Axis **** *** ********, most ******** *********. ** the ***** ***, ***** and ********* **** ******** very *** ******, ******* new ********, *** *********** sales ******** ** ******** that **** ** *** market. ******, **** ********* lower ******* **** ******** and **** *** ********* higher ******* **** ***** and *********, *** ***** as *** **-******* ******,******* ****** **** ***********.

Outlook *** *******

** *** ****** **** Hanwha ********* ** **** and ********** *********** *** market ********* *** *** spun *** ******** ********, the ***** ****** ******* has **** ** ***** surveillance **** *** **** few ***** *** ********.

Vote / ****

Update: ****** ******* ******** **** ********** *** *** *** ****

** *** ********, ******* raised *********. ****** ********* saying **** *** *** for **** *** *** profitable. *** ********* ** full *****:

*** ******* ** *** captive ******* ** ** allow *** ******** ******** to ******* **** ************* and ** **** ********** to *** ******. ***** the ******* *********, *** security ******** *** *** have **** ** ****** with *** ***** ******* companies; ******** *** ******** and ****, *** *** share *** ****** ************, customers ** ********** *******.

****** ******* ******** ** a ********** ******** **** its ****** *** ** becoming *** ******* ************ in ***** ************. ****** has **** *********** *********** in ******* ***** ** the ******** ******** **** the **** ** ****** including *************, ********** *** human *********. ** ******** over $**** ** * Vietnam ******** ** ***** to ******** ********** *** produce ******** **** **** effectively. ** ******** ** invest ** *** **** business ********* ******* ****** assembly, ******** ****** *** SoC ***********. *** ******** is ** ******** ** invest ** ********** ***********, partnerships *** *********. ***** are ** ***** ** sell *** ******** ******** and *** ***** *** Hanwha ******* ** ********* growth ***** **** ***, independent ********** ******.

Comments (47)

Avatar

John Bazyk

IPVMU Certified | 03/06/18 02:10pm

**** **** ** **** for ******. * **** the ******* ** ****** a ******* ***** ** one ******* ****. *** of *** ******** ** have *********** **** ***** over *** ***** ** their *********, ****, ****** and ***** ***** **** often ********* ** *** Bosch *** **************. **** was * *** ****** we ***** ** *** as **** **** ********* to ********.

******* *** ***** ********* to **, ****** ********* to ****** **** ********* to ** ** **** goes **. *'** ****** some ** ***** *******, while **** ***** *** some *********** ****'** *** terrible.

Undisclosed Manufacturer #1

03/06/18 02:25pm

****** **** *** * *** **** **** ** ***** ******** business.

John Honovich

IPVM | In reply to Undisclosed Manufacturer #1 | 03/06/18 02:30pm

***? ** **** ****** to **** **, **** could ****** **** **. Corporations *** ********* **** off ********* / ***** directly.

** ** *****, *** video ************ ******** *** been ** **** * wild **** *** **** few *****, * ***** not **** *** ******** but, ** *** ****** that ****** ******** *** continue ** ****, * would *** *** **** trying ** **** ** off.

Undisclosed #3

In reply to Undisclosed Manufacturer #1 | 03/06/18 04:12pm

** **** ***** *** **** ***** :)

Michael Miller

In reply to Undisclosed #3 | 03/06/18 04:38pm

**** **** * ** us.

John Honovich

IPVM | In reply to Michael Miller | 03/06/18 04:43pm

****, * ******* *** were ******* '******', ** in ******* ******** ************:

** ** *****, **** rumors ***** ** ***** here *** * *** just ** *** ** the **** ** **** one *** *** ****** I **** ***** ***** Hanwha ***** **** *** make ** *****.

Michael Miller

In reply to John Honovich | 03/06/18 04:45pm

***, * ** ********* it **** *** **** long ** **** ** into ****.

John Honovich

IPVM | In reply to Michael Miller | 03/06/18 04:50pm

**** **, ****. ***'* deflect. *** ******* ******** into **** ** ********* the ****** *****.

**'* ****** ***** *** are *** ****** **** such ****** ***** *** blew ** ** ***** on ********** ******** ***** *******.

** *** ***** ** this ********, **'* ******** for ****** *** ******* to ** **** *** the '******' ** *** don't **** **** *********.

Michael Miller

In reply to John Honovich | 03/06/18 05:00pm

* *** **** ******** with ******* ** ********* I **** *****. **, you ********** ******* **** on **. *** **** doing **** *** **** just ******* *** *** chance.

John Honovich

IPVM | In reply to Michael Miller | 03/06/18 05:07pm

**, *** ********** ******* this ** **.

*** ***** **'* ** fault **** *** **** multiple ****************** ******* '******' *** your ******* *********** **** Avigilon?

****, *********, **** *** are **** *****, **** admit ** *** **** on. *** *** ******* again *** **** **** out ** *** **** but ***?

Michael Miller

In reply to John Honovich | 03/06/18 05:12pm

** * *** ******* about ******** ** **** post * ***** ********** but * *** ***. You **** ***** **** shit. **'* **********.

***** ***** ******* ***** IPVM ******?

Undisclosed Manufacturer #5

In reply to Michael Miller | 03/06/18 05:18pm

Undisclosed #4

In reply to Undisclosed Manufacturer #5 | 03/06/18 06:48pm

John Honovich

IPVM | In reply to Michael Miller | 03/06/18 06:45pm

***** ***** ******* ***** IPVM ******?

****, *** *** ******* to *** ** **** about **** ******. ***** a *** ********** *** link **** ** ** here. **'** ********* ****** open ** ******* **** about****** ************ ************* *** talk ** ************* ************ ** *** **** to *********.

** *** '******', **** what *** **** *** in **** ****** **** Hanwha, **** * ******* it ** ***** ** direct ************* **** ********** at ********* ******** ********. The **** **** *** evidently *** ** ********* connections **** *** ** the** *******(***** * *** ********) should **** ***** *** pause ***** ******** ******** out ******.

Michael Miller

In reply to John Honovich | 03/06/18 06:51pm

****, * ****'* ***** a ***** * **** agreed **** * ***** undisclosed *****. *** *** you *** ******** ** posters *** ******** **?

Avatar

Armando Perez

IPVMU Certified | In reply to Michael Miller | 03/08/18 04:06am

*... *** ** ***** no *****.

Undisclosed #6

In reply to Undisclosed Manufacturer #1 | 03/06/18 06:08pm

*** ***** *** **** $100 ******* **** *** manufacturing ***** ** *** were ***** ** ****? Can't **** *** ******* sheet.

****** ******* ******* $**** in *** *** ********** in *******

Undisclosed Integrator #2

03/06/18 04:00pm

****** **** *** ** longer **** *** ***-****** business ****. **** ** cut *** ****.......

********* ******* *** ***** of ***** *** ********* put * ****** ** their ****** ******.

***** ***** **** ** no **** ****** ** offset ***** ******** ******, they **** **** ** tighten ** ***** ***** which **** *** * strain ** *** ***** and ***** **** ***** morale.

**** ***** *** *** who **** ***** *******......

**** **** **** *** be *** **** ** continue ** ** **********.

John Honovich

IPVM | In reply to Undisclosed Integrator #2 | 03/06/18 04:31pm

****** **** *** ** longer **** *** ***-****** business ****. **** ** cut *** ****.......

*** '****** ****' ***** owns ** ** ** it *** *** ****** money **** ***** **** stop ********* ** **, like *** ********* ******** did ** *****.

Avatar

Jon Dillabaugh

Pro Focus LLC | 03/06/18 04:33pm

***** * ** ** insider ** ******, ** the *******, **** ***** like * *** **** sign ** *** ***** yard. ** ******** ***, you ****** ****** *********, assets, *** *** * clean ****.

John Honovich

IPVM | In reply to Jon Dillabaugh | 03/06/18 04:36pm

** *** *******, ** you ****** ** *** rid ** *********, *** would *** **** ** your **** *****, *.*., it ***** *** ** sensible ** **** *** security ******** '****** *******' when ******* ** *** main *********** ***** *** 2 *******. ** ***** seem **** ** * signal ** ******** ** do ****.

Undisclosed #4

03/06/18 04:52pm

****: * *** ********** posted **** ******** ** was ********** *** ******* reorg, *** *** **** 4-28-2017.

-----

****** *** **** ******* at **** ********* ******, ***** ** ********* an ******* *************:

****** ******** ** ******** to ** ********** ** investment ** *** ******** market ***** *** **************. “Operating *** **** ***-**** businesses *** ******** ****** Techwin **** ****** **** investment *********,” **** * senior ******** **** *** company.

*** ******** ***** **** the ******* ** ******* a **** ** ***** and **** *** ******** business *****, *** **** would *** ****** *** time ****.

Undisclosed Manufacturer #1

In reply to Undisclosed #4 | 03/06/18 05:29pm

*** ********** ** *** *** ****** ******* ******** ** ******** to ******'* ******* ********?

John Honovich

IPVM | In reply to Undisclosed Manufacturer #1 | 03/06/18 06:51pm

****** ******* ** ~$** billion,********* ** ******. ****** ******* ******** is ** *** $*** or $*** ******* ***** (*** **** ******* *********).

Undisclosed Integrator #7

03/06/18 07:19pm

*** ************* ***** *** / **** *** ***** me.

** **** *** ****** in *** ****** *****. I ** ***** **** may ** ***** ******. To **, ******* ******* always ****** ** ** exploring / ******* *** the ******. * ** not *** **** **** feeling **** ******. *** rep *** *********************** ***** *** *******. To **, **** ***** to ** * **** combo ** ***** ****.

**** ********** ****** ** have ***** ****** *** squarely ** ********. **** may ** *** ** the *********** ****** ** Avigilon ** *** ********** region.

Undisclosed End User #8

In reply to Undisclosed Integrator #7 | 03/06/18 08:10pm

*** *** ** *** ** **?

Undisclosed Integrator #7

In reply to Undisclosed End User #8 | 03/06/18 09:21pm

*******

John Honovich

IPVM | 03/07/18 12:44am

******: * ********* **** Hanwha ******* ********** *** questions ******. **** *** they *** ********** *** not *** ****. *** statement ** **** *****:

*** ******* ** *** captive ******* ** ** allow *** ******** ******** to ******* **** ************* and ** **** ********** to *** ******. ***** the ******* *********, *** security ******** *** *** have **** ** ****** with *** ***** ******* companies; ******** *** ******** and ****, *** *** share *** ****** ************, customers ** ********** *******.

****** ******* ******** ** a ********** ******** **** its ****** *** ** becoming *** ******* ************ in ***** ************. ****** has **** *********** *********** in ******* ***** ** the ******** ******** **** the **** ** ****** including *************, ********** *** human *********. ** ******** over $**** ** * Vietnam ******** ** ***** to ******** ********** *** produce ******** **** **** effectively. ** ******** ** invest ** *** **** business ********* ******* ****** assembly, ******** ****** *** SoC ***********. *** ******** is ** ******** ** invest ** ********** ***********, partnerships *** *********. ***** are ** ***** ** sell *** ******** ******** and *** ***** *** Hanwha ******* ** ********* growth ***** **** ***, independent ********** ******.

Undisclosed Manufacturer #9

03/07/18 02:54am

[**** ****: *** * Hanwha ********]

** *** ********, ****** is ****** **** ****** share. ***** *** **** of *** & ***** but ***'* **** ** pay ** *** ****. Most *** ********* **** their ***** *******, *** I ***'* **** *** complaints ***** **** ********. Hopefully **** ***** **** the ******** ** *** the "****" ******* ******** the ****** *** ******* some ******* ********

Undisclosed Integrator #10

03/07/18 02:35pm

********* *** "****** ******" section, *'* *** **** that **** ** **** advanced **** ****** ** this *****. **** *** look ** ***** ** market **** ********** *** tech, ****** *** **** quicker **** **** ******.

** * ***** ****, I'm ************ ******** ** things **** ***** ********* in *** *********** *********** section, **** ***** ************** analytics, *** *******, *** H.265. ***** *** ******* that *** ****** ***** hearing, *** **'** **** selling **** ****** **** Axis *** * *** years ***. ** **** to **** **** ***** and ** *** ******* mix *** * *** different *******, *** ** our ***** ****** ******** prefers ******.

***** *** ******** ** that **** ***** ** feature ******* ** ******, but ** ***** **** the ****** ** *** is "**** ********" ***'* so *****.

Michael Miller

In reply to Undisclosed Integrator #10 | 03/07/18 02:45pm

**** *** ******** *** of *** ***** ************** analytics?

Undisclosed Integrator #10

In reply to Michael Miller | 03/07/18 02:55pm

***, *** ***'* *** too ******* - *** that "*********" ** ***** in **** **** ** that ** ****** ** on ** *** ******, and **** ** * way ** ****** **** to *** ******* ******.

*** * *** * ranges **** **** *******. You **** ** ** by ******** * ***, you **** **** ******** you **** **** * detection ** ****, *** you're ****.

*** *** ******** ***** have **** ****, *** the ******* ** *** real **********, *** *'* glad ** *** * have ** ********** **** one ** ***** ******* trying ** ****** * real ******* ** ***** environment.

**** **** ****, **'** planning * **** **** the ******* **** * Veracity *********** **** *** weather ***** **. :)

****: ***, **'** *****.

Michael Miller

In reply to Undisclosed Integrator #10 | 03/07/18 03:07pm

*** * ******* * Hanwha ******* ** **** and ** *** * am **** ********* **** the ***-****. ***** *** light ******* *** **** so *** *** **** to ** ** ***** the ****** *** ********** else ** **** ** the *** ***. ******* the ***** ********* ** next ** ** **** and * **** * couple ** ***** **** are ******* ** **** the ******* *********.

*** ***** * *****'* figured *** *** ** can *** **** *** audio ********* ** *** DO *** **** *** audio ******.

Undisclosed Integrator #10

In reply to Michael Miller | 03/07/18 03:09pm

*** **********. **'* * **** ****** *** ******, ********** ******** from *** *********.

Undisclosed Manufacturer #11

In reply to Michael Miller | 03/07/18 03:11pm

***, ** ** ******** to ******* **** ***** analytics **** ******* ********* the ***** ****** ** even ***** **** ** listen **, ******** ***** is ****** ******* ** an ***** *****. *************, the **-***** ********** *** also ** **** ** both ******* *** ****** audio, *** **** ******* must ** ******* ** another ****.

Michael Miller

In reply to Undisclosed Manufacturer #11 | 03/07/18 03:18pm

******* ***** ***!

Avatar

John Bazyk

IPVMU Certified | In reply to Undisclosed Integrator #10 | 03/07/18 02:49pm

****'* *********** ** ****. I **** ** *** I ** ******* * Wisenet * ****** ****** in ** ****** ***** now. *** ***** ******* is **, **** ** the ****** ********* **** to **** **. ******* about ** ***** ** away. ** **** ***** like * **** ******.

John Honovich

IPVM | In reply to Undisclosed Integrator #10 | 03/07/18 03:34pm

#**, **** ********, * think ***** *** * issues **** - (*) selling **** ** ******, and (*) *** **** of **** ** ******.

** (*), * *** certainly *** *** ****** of ******* ****** **** Axis, *** **** ******** (especially ***-******), *** ******* is ******* *** **** and ******'* ***** ** less. ** **** ***, selling **** ****** **** Axis ** ********.

*** ** (*), **** has **** ** *** own **** *** **** range ** ********. *** the *** ** ** head, ******** ***** ***, *** ******* ********* (now ********* **), **** multi-imagers, ****-**** ***, *** ******** ****** manager, ****** ** **** applications, *** **** ** positioning *******,*** *** **** *******, ***., ***.

** *** * *** mention, ** ******** ***** agree **** *.*** ** the ******* '*****' *** if * *** ******* Hanwha * ***** ********* use **** ** * point ******* ****. *** support *** *.*** *** improved, ** *.***'* **** barrier ** ******* (***** was * ******* * year *** *** ******). There *** ***** ****** with *** **** ********,***** ***** ************ ***** *.*** ** quite ****** ** ******, but *.*** ** ****. If **** **** *** roll *** *.*** ** 2018 **** **** **** a ********* *******.

Undisclosed End User #8

In reply to John Honovich | 03/07/18 03:48pm

****** ** ****** *** heals ** ****.

****** *** * ***** focus *** ****** **** and **** **** ******** is *** ***-****** ****'* scheduled *** ******* **** May. ** **** *** 2MP ****** ***** ** a ****** *******. *** two **** ******* *** interchangeable **** *.*, *.*, 3.6 *** *** **** options. **** ** $**** for *** ****** *** $75 *** **** **** module.

****** ***** *******

John Honovich

IPVM | In reply to Undisclosed End User #8 | 03/07/18 04:04pm

****'* ****! *** **** manufacturers ********* **** *** products ** ****** *** the ********.

Undisclosed End User #12

In reply to Undisclosed Integrator #10 | 03/08/18 04:26pm

* **** ************ ** an **** ******. * pulled * ****** **** my **** *********** *** compared ******* **** ** XND ****** ******. * wanted ** **** **** I *** ****** *** right ******** *** ** organization. ***** **** - the ******* *** ****** capture ** *** ****** was ******** ** *** AXIS ******. ***** *********** on ***** ******, ***, Analytics, ***. ***** *** all ***** ********, ***** many ******* ****. *** ultimately ** **** ****** can *** ******* ****** images **** *** ** not **** ** ********* camera. ** ********* *** cameras ** ****** *** Frames *** ******* ******* we ** *** **** 30fps. ** **** ** anywhere **** **** ** 10fps. ** **** ****** is **** ********* *** good ***** ** * moving ****** *** ** every * ****** *** have ********. ****** ***** almost ***% *******...*** ** - **** ** ****.

* ** *** **** what *** ****** ***** for ******. *** * can ** ** **** they **** ********** *** keep ***** **** ** what **** **** **** doing.

***** ** - *'** been ** *** ******** for ** *****. *'** seen *** ********** ****** throughout *** *****. **** is *** ***** ****** I ** ********* *****.

Undisclosed End User #8

In reply to Undisclosed End User #12 | 03/08/18 04:28pm

#*****

Michael Miller

In reply to Undisclosed End User #12 | 03/08/18 04:29pm

*** *** ****** ********, gain, *********** ** ****** camera ** *** *** leave **** ** ********?

Undisclosed End User #12

In reply to Michael Miller | 03/08/18 04:55pm

*** ******** ************** **** tuned. ******** *** *****... and *** *** ******* allow *** ** **** the ********-***** *** ***. I ******** ** "****" about *** *** ******** and **** **** ** is * ******** ** the ***** **** ** are *********. **** *** conducted ** * **** lit ****** *****. **** I **** * **** all ******** * **** chance ** *******. ** I ****'* **** ** know *** **** *******, why **** **** ** the ****.

* **** *** ******* question ***** ***** ****** I ******. * ** not ****** *** **** model. ******* *** **********. I **** ****** ********** about "********" ** "**********" of ****** ****** ** finding * ****** ***** was ********** ****** *** captured ***** ******* **** me * ***** ******.

* ******** *******, *** I ********* ** ******. I ** *** **** to ****** ******, * am **** ********** ** opinion *** *** **** I ***** ****** *** been ** * **** path. * *****'* **** commented ** *** **** my ******* ***** **** the ******** ** *** cameras.

* ****** *** ******* cameras. ** *** ******* there ** * ********** AXIS ****** * ****** test *******, **** ** out *** * **** test. **** *** * good ***** ***. * do *** **** *** conditions *** ******* **** tested **, ** *** a ********* *********** **** static ******** ** *** majority ** *** ******* with ******* ******** ** entry ****** *** ****** lines. ** *** *** relevant.

Michael Miller

In reply to Undisclosed End User #12 | 03/08/18 04:57pm

****** *** *** ****. It ***** ** ******* to **** **** ***** numbers ** *** ******* you ******.

Undisclosed Integrator #13

In reply to Michael Miller | 03/08/18 10:51pm

*** *** ****. * had * ************ **** an *** **** ******** who **** ** *** embarrassed ** *** **** camera ** *** ******** after ****** * **** of * *** ******* camera, *** *** ****** by **** *****. ***** out, *** **** *** a * ** ** year *** ***** ****** at ****** $***, *** the ******* ** * recent *** ***** ***, sub $***. *** *****, he *** ********* ******* was * *** ******** "brand" **** **** ******* of **** **********. * chose *** ** ***** this *****.

******** ** ** ** are **** ******* ** both **** *** ******... Unfortunately *** *******

Avatar

Ethan Ace

IPVM | In reply to Undisclosed End User #12 | 03/08/18 04:31pm

*'* *******, ***** **** camera **** *** ********* to ***** ****** ******?

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