VISONIC SET TO EXPAND HORIZONS VIA ISRAELI IPO
BLOOMFIELD, Conn.
Visonic Inc., a global manufacturer of hardwired and wireless sensors, control transmitters, systems and access control products, announces it has recently received the “green light” from the Israeli Security Commission for its initial public offering (IPO). This major development for the company comes after a restructuring process was instituted designed to meet the growing needs of Visonic Group’s customers. The capital restructuring will enable Visonic to maximize its market opportunities for strategic alliances, ventures and acquisitions in security and other emerging markets.
According to Mark Freundlich, president of Visonic, the company is specifically looking to: 1) fund plant expansion in Tel Aviv; 2) fund acquisitions of new companies; and, 3) get into new emerging markets, particularly in the residential sector. “We have changed from being a security business to being in the business of security,” adds Freundlich.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.
