Hikvision Acquires Major Stake in Mexico Distributor Syscom

By Robert Wren Gordon, Published Jun 23, 2021, 09:19am EDT

Hikvision, the world's largest security camera manufacturer, has acquired a major stake in Mexico's largest security systems distributor, Syscom.

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Inside this note, we examine the details of Hikvision's move as well as its significance.

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

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***** ******* ***** **** comment ** *** ******, various ******* ***** ** the ******* **** ********* the **** *** ******** plus **** *** ******** Mexican ***** ******* ******* a ****** ** ******'* bylaws ** ********** **** deal.

** ***** ***** ******** manufacturers **** ********* ****** operations, *** ********* **** IPVM ** ***** ** late ***** **** *** as ******** ** **** week **** ********* ** acquiring * ******** (*.*. < **%) ******** ** Syscom.

*** ********* ******** **** the ****** ********* *** Hikvision ********** ** "*******":

**** [*********] *** ********** buying * ******* ** Syscom...My ************* ** **** **** [******] **** * ******* ********** **** *********. [emphasis added]

***** ******* ** * subjective ****, ***** ** no ***** **** ****** is * **** *********** player ****** *** ******* market *** ********* ******** this **** *********** *** position ** ******.

**********

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******, (*** **** ******* ** Syscom), *** ******* ** 1984 [*], [*] *** ** ************* in*********, ******. **** ********* that ****** ** ******'* largest ******** ******* ***********, with *** *********-***** **************** ***–*,*** *********, *** of **** *** ** LinkedIn, *** * ***** of ** *********, ********* 17 ********* ** ******, covering ** ******* ****** and ****** ****, ** well ** ** ********** two ** *** ** and *** ** ********.

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

****** ** ******************'* **** ********** *********** in ******, ********* ** ********* Latinoamérica:

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****** ** **** *********'* top ** ******** *** 2021 (*** *–*** **). Syscom ******* **** **** twice ** **** (** weight) ** ********* *** (Syscom - *.* ******* pounds, ********* *** - 870,000 ******).

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

** ***** *, ****, Syscom ******** *** ****** relating ** *** ********* of * ******* *****, IPVM *** ******** (** Spanish, ********** ** ******* by * ******* ***** professional):

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** *****, *** ***** change ******* ******'* *********** and ****** **** *** foreign ******* **** ** considered ** '********' ** Mexico's*********** ** ******* *******. ************, *** ******* or ****** ******* ******* of ****** **** ***** not ** ****** *** protection ** ***** **** government ***** ******* ** forfeiting ***** ******** ** Syscom '*** *** ******* of *** ******* ******.'

* ******* ***** ************ who ******** ******'* ********* records *** **** ********* that *******, **** * move ** ******* ********** of ********* "******:"

** ** ******** **********, this ****** ************ ***** be ********* ****** *** a ****** ****.

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

******'* ****** ********* ******* in ****** **** *** yet **** ******* ** reflect *** ********* ****. IPVM ******** * ***** legal ************ ** ******* them, *** ********* **** the ******* ********* ***** 1–2 ****** ** ****** 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]

***** **** *** ***** 8 ***** ****** ** reflected ** ******'* ******* public *******, ** ** likely **** *** ********* move ******** ** *** or ******* **** *****.

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

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****** ****** ****** ********* to ******* *** *** destiny ** ******** **** Syscom, ***** ** ******* Hikvision's **** ********** *********** in ******, ********* ** prioritize ********* ***** *******. The *********** **** ******* the **** ** *** distributor ************ ******** ** prioritize ******* ************ ** the ********* ** *********.

**** ****** ********* ********* to **** ************* ********* due ** *** ****** (and *********) ***** ** the *** **********, ********* remains *** *****'* ******* manufacturer *** *** ****** of **** ** ****. Thus, ** ** ********** to ****** **** ********* would **** ** **** direct ******* **** *** sales *** ********* ** Mexico ** ******** *** a ********** ***** **********.

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

***** **** ** ******** for ************* *********, **** is *** ****** **** distributor *********** *** ********* in * ****. **** August,********* ******** ** *****, * *********** ******* / ******* ******** ***********.

**** ** ***** ***** provide ********* **** ******* control **** *** ******* as ** ***** ********** worldwide *** ***** ** a ******** *** ****** moves ** ******, ***** America, ****, ***.

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

*** **** ** *** rival ******* ***** ** Hikvision **** **** ** or *** ***** *********** by ******. ****** ********** the ********* ** *** "*** ******":

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** *****,****** *********** **** *** different ******, ********* *-****, ********, Flir, ******, ****, ***, Milestone, ********, *** ******.

***** *** ********* *** Hikvision ** ******** **** Syscom *********** ********* ***** in *** ** *** Americas' ******* *******, *** flip **** *** ******'* other ******** ** **** one ** ***** ******* (if *** ***** *******) Mexican ************ ** *** partially ***** ** * competitor.

Hikvision: ** *******

********* ********* *** ******** to *******.

Syscom: ** *******

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******'* ******* ************* ******* *** ******* ** any ** ****'* ******** requests *** ******* ********* the ********* ****. ** Syscom **** *****, ** will ****** *** ****.

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

*********, *** ***, **** strengthens ********* ** ****** and, ** ****** ******* its ****** ******** ** Mexico, *** *** ********* for ******** * ****** long-term ******** *** *********.

*******, * *********** **** partially ***** ** * manufacturer, *** *** ****** controlled ** *** *** government, ****** *** *** long-term *****. *** **** notable **** **** ** how ** ** ****** and ********* ******** *** publicly ******* *** ****, something **** **** ******* doing **** *** **** few ******.

Vote / ****

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