Hikvision Takes Control of Syscom's Board, Mexico's Largest Distributor
While both Syscom and Hikvision have been publicly silent about Hikvision's acquisition of Syscom, IPVM has exclusively confirmed from Mexican legal records that Hikvision has taken control of Syscom's board of directors and its corporate management committee.
Inside this note, we examine the Mexican legal records and show the fundamental changes within Syscom.
For background, see: Hikvision Acquires Major Stake in Mexico Distributor Syscom and Syscom Mexican Distributor Profile.
** **** ****, **** ******** ************* *** ******** * ***** ***** in ******* *********** ******. *******, ** **** ****, ******** Mexican ***** ******* *** *** **** updated ** ****** ****** *********, ** some *********, ** ****** ***** ********* filings ****** ***** *** ****.
***, **** *** *********** ********* ******* ********* ** ****** in ******** ****(********) ** ********** ***** ** *********, ***** *** ****** ********* ******, Sistemas * ********* ** **********ó* *.*. de *.*., ** ************* *** *********.
Board ** *********
****** *** ******* ** *** ***** by ***** ******* **** *ó***; *** company's ********** *** ********* ******** ******** within *** **** *ó*** ****** *** nearly **** *******, ***** ****.
******'* **** ****** ********* ******* ******* that ***** ****** **** *ó*** *** stepped **** ** ******'* **** *************, being ******** **** * ***** ** directors.
******'* *** ***** ** ********* ** chaired ** ****** ****, *** *** also ******** ** * ********* ************* for *********'***,**, *****************:
************, ****** *** *** **** ***** as *** ********* ** ******'* *** board (***'* **** ******* **** **** ****** ******** *** *********'* ** entity, ********* ** *******):
******* *** *******, *** **** *ó*** family *** * ******** ** ******'* board ******* ******* ***** ******* **** López, *** *** **** ********* ** a ****** ** *** *****:
************, ***** *** ** ******** ***** member, ******* *á***** *** **** ********* as ******'* ********* *********:
Corporate ********** *********
** ******** ** *** ***** ** directors, ****** **** *** * *** corporate ********** ********* (***) ******* ****** ****, ***** **** ******* **** of ********* ******'* ******* *******:
**** *ó*** ****** ******* ***** **** Mendoza *** ***** ****** **** *ó*** are *** *** ******* ******** *** the ******** ** **********, ************, ** Syscom's ***, ***** ** ******* *** by ***** *** ** * ****** and *** ********* ******** *** **** Oliver ******* ******* ** * ******.
************
******* ******* ** *** ***** ********* Syscom's ******* ************ ********* ****-********* ** the *********, ******-***** *********** ******* *** company ****** ** ****, ******** *** the *********** ** ****** *** ************ structure.
***** ** *** ***** ******, ****** had *** ********* ************ *********, **** all ****** ***** **** ****** *** Saad *ó*** ****** *** ********* ** the *******'* *******, ***** *******:
******* *** ***** ****** *** *** Hikvision ***********, ****** ********* ** ********* itself ** * "***% ******* *******," with ** ************* ********* ********'* ******** ****(*** *****) ******* (** *******, **** translated ** *******):
100% ******* *******, offices in Mexico strategically located in Mexico City, Chihuahua, Monterrey, Guadalajara, Villahermosa, Los Mochis, Puebla, Querétaro, Ciudad Juárez, Mérida, and Tijuana. In the United States of America, our subsidiary Epcom is present in El Paso, Miami, and San Diego. [emphasis added]
Silent ****** / *********
******* **** **** ***** ********* *** months *** ********** ********** ** ******* authorities, **** ****** *** ********* ******** to ** ****** ********. ***** **** is ****** ******** ** ********* ************, with **** ***** ***** ******** ********** and ****** ********* ** *** ******* involved, **** ** *** ******** *** Hikvision,*** ********* ******** ****** *********** ** Group **** *********** *** ***** ******* ** ******** announcement.
UPDATE: ********* ***** ** *** ****** ******
**** *** ******** ******'* **** *************** *********** ******** ********* *** *** ***** time.
*** ****** ********* ******'* ******* ******** on ******** **, ****, ****** ***** the ***** ******** ** ******'* ******** filing (*** *****) **** ********, *** the **************** ** *** ***/***/*** **** further ********/**********.
**** ********* ****** ********* ***** ********* as ****** ********* ******'* *** *** (in *******, **** ********** ** *******):
*. *** ***** ** *********, ** accordance **** ******* **, ** ******** to ******* **, ******* "(*)" ** the ******* ******, ** **** ** with ******* *** ** *** ******* Law ** ********** ***********, ******** *** positions ** *** ******* ******** (***) and ********** ******** (***),recognizing ** *** **** **** *** ******* ******** (***) *********** **** ** *********... [emphasis added]
*** ***** ** *** **** ********* to ********* ** *** ****-**** ******, which ******* ******** **** *** *********-********* CFO ** *** ** ****** ** all ******'* ********* *******.
** *** *** **** *****, ********* not ********** **** **** *** ******** what **** *** ********* ******** / controlled **** ** **** *** ********? It's ********** ******** *** ********* ** do **** ************ *** **** **** from *** ******.
**** ***** *** ********? ***** *** sure *** **** ******* ****.
* ******'* ** ********* ** *** buys * ********** ** **** ** start ******* *** **** **** ** changing *** ******* ****** *********.
***'* ********** ***** ** ********* ***** than ****, *******, **** **** ** in"** * ***** ********", ***** ******** Alleges "*** ****" *** **** ***********.
** *** ********* ******** *** ******* global *********, ***** ******* ** **** show **** ****** **** ** ************* of *** ** ** ** ** they *** ** *********** ** *******'* rules **** **** ***'*.
**** ****, **** **** *********** ********* money (******** ** **** ******) ** they ********* **** * **** ** doing *********.
* ***** ****** * *** **** of ****, **** **** ** ******** presence *** ***** ********* ******** **** as * ****.
**** *** ** ******* **** ******* is ** *** *** ****’*.
**'* **** *** ** ****'* ****...
******* *** *** ***** *** "** that's ****". ** *** *** ***** the ******* **** *** ******* ****?
*** ******'* ** ** ***** ** the ******* ********** ****** **** **** that ***** ******* *** ***** ******** like *********...............
** **** ******* ** *** **** doesnt ******** ** ** **** ******* some ********* **** ** ** ** order ** ****** *** *********, **** to *** ***** ** ******** ******* which ***** ** ** *** *** normal ** **..
* ********** ** ************ ** ***** media ******* **** **** ****** *** truth *** **** *** *** **** market *** ** **** *** *** clouded **** ********* *** ********.
***** *** **** ** *** *** with *** **** **** **** ***** to ***** ** ** *** ***** under ******* ** ** ***** **********.
***** *** **** ** *** *** with *** **** **** **** ***** to ***** ** ** *** ***** under ******* ** ** ***** **********.
******.
*********** *********** ****, **** ** * channel ******** ********. ** *** ******** point ****, *** **** *** *** silently ********? ** ***** ** ******* to ***** ** **** **** ** Mexico. * ****** ** ****-** **** others ***** *** **** ** ******'* surprise ** **** *** ***** ***** up * ******* ********* ** *** backs ** *********** ************ **** ** open ** * ************ ********* ***** their *** **** ** **** ******* direct (**** ** *** **** ***** Ademco ************ **** ** *** ***). They *** ********* ***** ******** ********* well ****** ***** ** **** ****.
**** ****, ** ******* **** ****'* include ****/******* *** *** ****.
*** ******** *** *********** ****** **** note- *** ** ******* * **** game ** **** **** **** *********.
*** ******** *** *********** ****** **** note- *** ** ******* * **** game ** **** **** **** *********.
**** ** ****'* *** ****, * think ********* ** ******* ** ************ being *** ********* ** ********* ** quit ****, ********** *** ***-****, ******, trunkslammer *****, ********* ***** *** ********. Agree/disagree?
* ******** ***** ** ***** *** also ***** "*****" ******* **** ****** would ******** **** **** *****.
**** ***** ******** ( **** **** in *** ****** *** ***** ) are ******** ** *** ****** *** not *** ******'* ***** *** *** in *** ******.
**** ** *** ************ **** *** still ******* ********* *** *****. **** white *** ***** ******* ******* *** trunk ******** **** ** *** **** can ****** **** ** ****.
*********** ****’* * ********** ***** ***** Disti ******* ****** ******, ******** ******* to ******** *** ****** ****** *** PSG (********* ********* ******** ************) **** year…It **** *** ******** ***** *** funding **** ****…
**** ** *** **** ******* ** the ****** *********** ** *** ** intruder ***** ************ *******, **** *** under *** ******* ** ********* *** over * **** ****** **** **** it ****** - ****** **** ** was * ******** **** ****** ** the ** ******* *** ********* ***** at *** **** **** **** **** connected ** *** ********!
**** ** **** *** ***** **** in ***** ********** ******** **** ** know. *** **** ****´** ******** ****** magazines ****** ** ****** *** ********* and ****** **** ***********, ***** ****** more ************ ****** "*******" *** "***********" to ********** ****** ***** *** ******* going ******* *** ** ***** *********** channels ** ***** ********* ** *** Public & ******* ******.
*** **** ****´** ******** ****** ********* trying ** ****** *** ********* *** affect **** ***********
*** *** ******, ****** ** *** a '********' *** **** ** ***** of ********* ****** *** ***** **********. They ***** ** ** ** *** future. *** ***, ********* ********* "****"****** ************** *** *********...
***** ******** ****** **** *******- ******* publishes ******* ******** ***** ******** **** magazines ***** ** *** ****** (**** Coast), *** ******** (*******) *** *** Sentry (*********).
**** ****, ** *** **** ***** Hik * *** **** ** ******* the ********'* ********...
**** *** ***** ** *** ****** or ******** **** ******** ****, *** controlling ************ ** ****** ************ ** each ******* ** *** ***. ****** really **** ***** ****.
*** *********** ************ ** ****** ************ in **** ******* ** *** ***
*****, ** **** **** ********? * don't ****** * *** ** ***** in *** **** ******?
* ******* ***** ** * ****** picture **** **** **** ** *** Syscom. *** ***** *** **** ***** manufacturing *** ******* ** ****** ** get * **** ***** **** **** North ******** ****** *****. ** * was * ******* *** * ***** bet **** ** ********* **** ** we *****!
UPDATE: ********* ***** ** *** ****** ******
**** *** ******** ******'* **** *************** *********** ******** ********* *** *** ***** time.
*** ****** ********* ******'* ******* ******** on ******** **, ****, ****** ***** the ***** ******** ** ******'* ******** filing (*** *****) **** ********, *** the **************** ** *** ***/***/*** **** further ********/**********.
**** ********* ****** ********* ***** ********* as ****** ********* ******'* *** *** (in *******, **** ********** ** *******):
*. *** ***** ** *********, ** accordance **** ******* **, ** ******** to ******* **, ******* "(*)" ** the ******* ******, ** **** ** with ******* *** ** *** ******* Law ** ********** ***********, ******** *** positions ** *** ******* ******** (***) and ********** ******** (***),recognizing ** *** **** **** *** ******* ******** (***) *********** **** ** *********... [emphasis added]
*** ***** ** *** **** ********* to ********* ** *** ****-**** ******, which ******* ******** **** *** *********-********* CFO ** *** ** ****** ** all ******'* ********* *******.
******, ***** ****! ****** *** **** working ** ********* ***** ******* *** more **** **** * ****. **** is *** **** ** ************* *********, based ** ******** *******, **** * am ************ ***** ** **** **** does.