Hikvision Acquires Major Stake in Mexico Distributor Syscom

Hikvision / ****** ****

***** ******* ***** **** ******* ** the ******, ******* ******* ***** ** the ******* **** ********* *** **** has ******** **** **** *** ******** Mexican ***** ******* ******* * ****** in ******'* ****** ** ********** **** deal.

** ***** ***** ******** ************* **** extensive ****** **********, *** ********* **** IPVM ** ***** ** **** ***** 2021 *** ** ******** ** **** week **** ********* ** ********* * minority (*.*. < **%) ******** ** Syscom.

*** ********* ******** **** *** ****** described *** ********* ********** ** "*******":

**** [*********] *** ********** ****** * portion ** ******...My ************* ** **** **** [******] **** * ******* ********** **** *********. [emphasis added]

***** ******* ** * ********** ****, there ** ** ***** **** ****** is * **** *********** ****** ****** the ******* ****** *** ********* ******** this **** *********** *** ******** ** Mexico.

**********

******, (*** **** ******* ** ******), *** ******* ** **** [*], [*] *** ** ************* ***********, ******. **** ********* **** ****** is ******'* ******* ******** ******* ***********, with *** *********-***** **************** ***–*,*** *********, *** ** **** are ** ********, *** * ***** ** ** locations, ********* ** ********* ** ******, covering ** ******* ****** *** ****** City, ** **** ** ** ********** two ** *** ** *** *** in ********.

Hikvision's **** ********** *********** ** ******

****** ** ******************'* **** ********** *********** ** ******, ********* ** ********* ********é****:

****** ** **** *********'* *** ** importer *** **** (*** *–*** **). Syscom ******* **** **** ***** ** much (** ******) ** ********* *** (Syscom - *.* ******* ******, ********* USA - ***,*** ******).

Syscom ***** ******

** ***** *, ****, ****** ******** its ****** ******** ** *** ********* of * ******* *****, **** *** verified (** *******, ********** ** ******* by * ******* ***** ************):

** *****, *** ***** ****** ******* Syscom's *********** *** ****** **** *** foreign ******* **** ** ********** ** 'national' ** ******'************ ** ******* *******. ************, *** ******* ** ****** foreign ******* ** ****** **** ***** not ** ****** *** ********** ** their **** ********** ***** ******* ** forfeiting ***** ******** ** ****** '*** the ******* ** *** ******* ******.'

* ******* ***** ************ *** ******** Syscom's ********* ******* *** **** ********* that *******, **** * **** ** usually ********** ** ********* "******:"

** ** ******** **********, **** ****** modification ***** ** ********* ****** *** a ****** ****.

Syscom's ********* ******* *** *** *******

******'* ****** ********* ******* ** ****** have *** *** **** ******* ** reflect *** ********* ****. **** ******** a ***** ***** ************ ** ******* them, *** ********* **** *** ******* typically ***** *–* ****** ** ****** its *******:

[I]t ******* ***** **** [******] * ***** ** *** ***** *** **** ** ***** ********** ** ******** *** ******** ******** to the public records, so it is very possible that they have made more significant modifications to the corporates body in general[,] including their ownership recently[,] but have not officially registered them yet. [emphasis added]

***** **** *** ***** * ***** change ** ********* ** ******'* ******* public *******, ** ** ****** **** the ********* **** ******** ** *** or ******* **** *****.

Benefits ** ****** * ***********

****** ****** ****** ********* ** ******* its *** ******* ** ******** **** Syscom, ***** ** ******* *********'* **** authorized *********** ** ******, ********* ** prioritize ********* ***** *******. *** *********** also ******* *** **** ** *** distributor ************ ******** ** ********** ******* manufacturer ** *** ********* ** *********.

**** ****** ********* ********* ** **** international ********* *** ** *** ****** (and *********) ***** ** *** *** government, ********* ******* *** *****'* ******* manufacturer *** *** ****** ** **** on ****. ****, ** ** ********** to ****** **** ********* ***** **** to **** ****** ******* **** *** sales *** ********* ** ****** ** exchange *** * ********** ***** **********.

Second ********* ************ **** ** * ****

***** **** ** ******** *** ************* generally, **** ** *** ****** **** distributor *********** *** ********* ** * year. **** ******,********* ******** ** *****, * *********** ******* / ******* European ***********.

**** ** ***** ***** ******* ********* with ******* ******* **** *** ******* as ** ***** ********** ********* *** could ** * ******** *** ****** moves ** ******, ***** *******, ****, etc.

Risk *** ******'* ***-********* ********

*** **** ** *** ***** ******* lines ** ********* **** **** ** or *** ***** *********** ** ******. Syscom ********** *** ********* ** *** "*** ******":

** *****,****** *********** **** *** ********* ******, ********* *-****, ********, ****, ******, IDIS, ***, *********, ********, *** ******.

***** *** ********* *** ********* ** ensuring **** ****** *********** ********* ***** in *** ** *** ********' ******* markets, *** **** **** *** ******'* other ******** ** **** *** ** their ******* (** *** ***** *******) Mexican ************ ** *** ********* ***** by * **********.

Hikvision: ** *******

********* ********* *** ******** ** *******.

Syscom: ** *******

******'* ******* ************* ******* *** ******* ** *** ** IPVM's ******** ******** *** ******* ********* the ********* ****. ** ****** **** reply, ** **** ****** *** ****.

Outlook: ** ** **********

*********, *** ***, **** *********** ********* in ****** ***, ** ****** ******* its ****** ******** ** ******, *** the ********* *** ******** * ****** long-term ******** *** *********.

*******, * *********** **** ********* ***** by * ************, *** *** ****** controlled ** *** *** **********, ****** its *** ****-**** *****. *** **** notable **** **** ** *** ** if ****** *** ********* ******** *** publicly ******* *** ****, ********* **** have ******* ***** **** *** **** few ******.

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