Rotherham security manufacturer acquired by billion-pound Chinese video surveillance firm

Pyronix, the Rotherham-based security manufacturer, has been acquired by billion-pound Chinese based company, Hikvision.

Hikvision, which is the world’s largest video surveillance manufacturer, specializes in video surveillance technology, as well as designing and manufacturing a full line of CCTV and video surveillance products.

Pyronix currently employs around 200 people at its four sites, of which three are in Rotherham and one in Berkshire.

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

“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.”

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

“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.”

Hikvision plans to apply Pyronix expertise in intrusion detection systems to boost its position in the video surveillance market.

Sebastian Herrera, the chief executive officer of Pyronix, believes this deal will mark the future of security systems:

She said: “Hikvision 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.”