Hanwha Breaking Up Techwin
By: Brian Karas, Published on May 02, 2017Login to read this IPVM report.
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Comments (8)
John Honovich
Btw, fun fact - Hanwha owns 32.4% of Techwin but controls Techwin.
The Chinese government 'only' owns 42% of Hikvision and, yes, they control Hikvision.
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Undisclosed Integrator #2
Security business will not be spun off anytime soon due to the operating cost. If the security business unit became its own entity, it will not be able to absorb all the cost of operating and keep its head above the water and with all the new technology that is comeing out from security industry in terms of robotics and AI, mothership should keep it close to styay close to the technology trend.
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John Honovich
If they do spin off the security business, may I recommend dropping the Techwin name and going with Hanwha Wisenet.
Of course, the best would be dropping the Hanwha name as well but I don't think that's an option.
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