Private: Pyronix acquired by Hikvision

The acquisition of multi-award-winning UK-based manufacturer Pyronix by Hikvision heralds a new age of innovation and convergence for the security industry.

The world’s largest video surveillance manufacturer (Shenzhen Stock Exchange ticker number SHE: 002415), Hikvision, has “big plans” to utilise Pyronix expertise and know-how in intrusion detection systems to its leading position in the video surveillance market.

“This acquisition represents a huge opportunity for Pyronix, Rotherham, and the region,” Julie Kenny CBE DL, founder of Pyronix, said.

“The foreign direct investment that this will bring to the UK will be huge. Hikvision has big plans for the growth of Pyronix and the continued development globally.

“In the last 15 years Hikvision has demonstrated what can be achieved in the video surveillance market. With this guidance, Pyronix can achieve great things in the global market place.”

The 100 percent acquisition by the multi-billion dollar Chinese company, was formally announced on 19 May 2016, with Pyronix, who celebrate their 30th year anniversary this year, becoming a part of the Hikvision group.

“These are exciting times for Pyronix and Hikvision as the two companies work together,” Jiang Feng Zhi, recently appointed chairman of Pyronix, said.

“Hikvision has plans for significant investment in the UK and particularly in its UK-based manufacturing, with plans to dramatically expand operations.

“We are delighted to welcome Pyronix to Hikvision group, and we look forward to growing the business through introduction of intruder alarm products to the global market.”

Primarily based in Rotherham, Pyronix has a leading reputation within the security industry and has patented many technologies and won numerous awards for innovation over the years.

Starting with the world’s smallest PIR detector of its time, Pyronix has developed an innovative culture founded on an unrelenting commitment to product research and development that continues to this day.

“Hikvision’s and Pyronix’ combined know-how will bring new advancements and innovative products to the market, converging two security technologies in video surveillance and intrusion detection,” Sebastian Herrera, the chief executive officer of Pyronix, said.