Security solutions firm Zicom Electronic Security Systems Ltd and its Singapore based arm Unisafe Fire Protection has acquired a 49 per cent stake in fire security solutions provider Phoenix International WLL for US$ 15 million, says a VC Circle report.
Zicom has acquired five per cent stake, while its subsidiary Unisafe Fire Protection Specialists Singapore Pte has acquired 44 per cent stake in Phoenix International, according a filing in the Bombay Stock Exchange.
“We will work closely to leverage each other’s core competency and provide a complete gamut of security and safety solutions to our customers in Qatar,” said Vinu Kuruvilla, managing director, Phoenix International.
Started in 1995, Zicom electronic Security Systems offers services in intrusion and burglar alarm systems, access control systems, fire detection systems, CCTV Surveillance systems, central monitoring station and video monitoring station with focus and retail & SME sectors.
