Delta ***** ***********
***** ***** *** ******** 49.22% ** *******'* ******, according ** *******. **** will **** ***** *** controlling *********** (******* ** Techwin / ****** *** Hikvision / ******* **********). Previous ** *****'* ***** acquisition ** *******, *******'* stock ********* *** ***** diverse **** *** ******* 9 ************ **** ****** ~1/3 ** *** *******, as ***** **** **** pre-acquisition ****** ***** ****** chart:

Board *******
******* ***** **** ***** board ** ********* ******** occurred * ****** *** and *** **** *** is *** ******* ***** next ****, **** ***** can **** *** ****** for ***** *****. ******* added **** "*** ******** shareholders *** ********** **** is **** ** **** Delta ***** *** *********** shareholder."
Delta's ****
*****'* ******** ********* *** Vivotek **** ** ** of ***** '*&* ********' and **** ******* ***** ******* "the *****-***** ************ ** [Delta's] ******** ********** *********", claiming * ********* ********:
- ********: "******* ******* *********** solutions ******* ** ********** a ****** ******** ** applications"
- *****: "******** *****’* ******* global ******** *** ****** channels ** ***** *** performance"
- *************: "******* **** *****’* automated ************* ******* *** significant *********** ********** *****"
Who ** ***** *****?
***** *****(** ******** ** ***** Airlines) **** ~$* ******* annual ******* *** ** one ** *** ~** largest ********* ** ******, though **** *** **** recognition ** *** ****. The ******* ** ************* and ********* * ***** electronics ************, ****** **** have **** ********* **** other *******, **** ** automation, ***** ******* ***** be ******.
***** ******* ********* ***** automation ** *** ******** of ***** * ********:

*** *******'* ********* ***** gives * ***** ** their ***** *** *********. Notice **** ****** ** it ** ********** *** only * ****** ************ related *******, ***** ***** *** ***:
Vivotek ********** ********
******* ******** ******** ** IPVM ** *** ***********, emphasizing ************:
******* **** **** ** ** independent ****** *** * pubic ****** ******* **** the **** ********** ****.
************ ***** ** *********, says *******:
*** ******* ************ ********* will **** ****** *********, while ** ******** **** Delta *********** **** ***** worldwide ********** *** ******** capabilities ** ********* * stronger *** ******* *********.
*** ***** ***** *** brand ***** ********, ********* to *******:
******* ***** **** **** ****** in *** ************ ******** and *** ***** ** offering *** ******** ************ solutions **** *** *******.
** *** **** ****, Vivotek ********** *** ********* benefits ** ******** *** manufacturing **** ***** ***** in *** ****.
Financials *** ****** *********
******* ********* *********** *** been ********** *****, **** a **% **** **** the **** * *****, going **** $** ******* in **** ** $*** million ** **** (*******'* ************ ******* *********). ***** *********** ** ** ~**% though ******* *** **** ~36%.
*** *********** ***** ****** Vivotek ** * ****** capitalization ** ~$*** ******* USD, ~*.* ***** ***** 2016 sales. **** ** * modest ********* *** * company **** ********* ** grow ******* *** ******* decrease ** ************* ** still ******** **********.
*******'* ****** ********* ** still **** **** **** 50% **** *** **** in ****:

Competitive *********** ** *******
*******, ****** ***** ************ manufacturers **** **** **** hard *** ** *** rise ** *** ******* and *** **** ** the ******. ******* *** done comparably **** *** *** become *** ******* ****** video ************ ************.
** *** ***** ****, during **** ******, ******* has ******* ** ** more ** ** *** provider *** ***** ****** rather **** * **** market ** ****** ********, as ***** **** ******* from ********* *** ***** combined **** ***** *** **** aggressive ***** *** ********* expenditures **** ****** ***** *******.
Race ** ******
** ******* *******'* **** here ** **** ** an ******* '**** ** safety' **** ** * response ** *** **** to *** ******. *********** companies, *** **** *******, are ****** *** **** challenges **** ******* ****** and *** *********** ** Hikvison *** ***** ** spend ** ******* ** sales *** *********. ******* it ** **** *** Milestone ******* *** ** Canon ********* ******* *** ** Konica *******, ****** '*********' ***** ************ with *****, ********* **** *** find * ****** / more ******* ****** ** shelter **** ****** **** turbulence, *** ****** **** as * *******.
******* ******* *** ******** ***** "What **** *** *** ongoing **** ** *** bottom **** ** *******'* decision?" ******** ** ****** the ***** ****** ***** production *** ********** ********. We ** ***** **** Delta *** ******* ********** benefits, ** **** *** ~40x ****** **** ******* and **** ********* ***** could **** **** ** reducing ************* *****. ** the ***** ****, *** meager ******* **** *******'* current ***** ***** (**** lower **** ******* ********, *.*., for ***** ******** ****** companies ******** **** ** Mobotix ** ****) ** a **** **** ******* saw challenges ***** *********** *** and ** *** ******.
Automation *** ***** ************ ************ **** **********
***** ********** *** ***** surveillance *** **** ********* systems ** ****** *************, the *********** ** *********** of ***** ******* *** remained * ***** **** of *** ******* ***** surveillance ******, ** ***** systems *** ********* ****** and ******* **********. ******* this **** ****** **** *** expansion ** '***' *** more ******* ******** *** video ************ ************* **** generally *** **** **** ** rely ** ********** ** a **** ****** *** significant revenue.
How **** ** ****?
** ****** *** *********** not ** **** * significant ****** ** *******, especially *** ** *** short ****. ** *** extent **** ***** ****** Vivotek ** ****** *********** as ******* **********, *****'* superior resources *** ************* ***** could **** ******* ****** compete ** **** ********** market.
** ***** ** *** West, ** ** *** expect **** ** ******** from ***** **** ** comes ** ***** ** channels ***** ***** **** not **** * ****** presence ** ********** *** a ****** ******* ***** to ****** / **** Vivotek.
****, ***** *****'* ***** on **********, ** ***** ******* this, ** ***** ******* **** Vivotek **** ***** **** of * ***** ****** in **** *******, ****** than ******** ** **** market ********, ***** ***** continue ***** ****** ******* approach.
[****: **** **** *** first ******** ** ****** 10, **** *** ******* in ******* ** ******* the ********** ** *** deal.]
Comments (14)
Claudio Almeida
"...Vivotek will stay as an independent entity and a pubic listed company with the same management team."
Sure! They always say that...
Anybody knows any acquisition that keeps that promise for at least two years?
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Undisclosed Manufacturer #1
Their logo's seem to match pretty well... so they've got that going for them.
:)
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Tim Pickles
08/14/17 07:21am
I'm probably with John on this one. Tyco, as we all know, pretty well decimates the companies it takes over - but that is their corporate strategy and underlying business model.
When the acquiring company is more at arms length from the entity it's taking over, such as Delta is, they may well sit back and leave them to it. This make it easier to off-load at a later date also should the company flounder or be sold of as a significant asset.
The Latin American market is a brutal market so probably not indicative of the EMEA region which is, perhaps, a little more pragmatic. Having said that, the Honeywell acquisition of Ademco/Micro-tech years ago, left the Galaxy product woefully supported with next to no development in over a decade set to follow a DM path to hell. I'm guessing it's the arrogant giant approach of the Honeywells/Tycos, that's the difference here. They are a million miles away from the customers face but are very much the bulge in NASDAQs trousers.
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Undisclosed Integrator #4
Well goodbye vivotek as we.know it.
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John Honovich
Update 10/2/2017:
Delta Group has acquired 49.22% of Vivotek's shares, according to Vivotek. This will make Delta the controlling shareholder (similar to Techwin / Hanwha and Hikvision / Chinese government). Previous to Delta's stock acquisition of Vivotek, Vivotek's stock ownership was quite diverse with the largest 9 shareholders only owning ~1/3 of the company, as shown from this pre-acquisition Taiwan stock market chart:
Board Control
Vivotek noted that their board of directors election occurred 4 months ago and the next one is not planned until next June, when Delta can vote its shares for board seats. Vivotek added that "the original shareholders and management team is glad to have Delta being the outstanding shareholder."
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Undisclosed #6
Would this effect Avigilon since Vivotek makes the fisheye camera for them?
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Undisclosed Integrator #7
Total random note:
Vivotek was/is still one of my lead manufacturers.
I left the Security industry to join the A/V industry 3 months ago. In meetings here and there internally and with customers the word "Vivotek" came up a few times. I asked our PC to spell what they were saying and it was "Vivitek."
Guess who owns Vivitek?
Delta.
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