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Cemtrex to Complete 100% Acquisition of Vicon Industries to Strengthen Security Technology Portfolio

Dec 04, 2024•about 1 year ago

Acquiring Company

Cemtrex

Acquired Company

Vicon Industries

BrooklynNew YorkHomeland SecuritySecurity

Description

Cemtrex Inc., an advanced security technology and industrial services company, is set to complete the acquisition of 100% ownership of Vicon Industries, Inc. This strategic move will solidify Cemtrex's position as the sole owner of Vicon Industries, increasing its stake from approximately 93% to 100%. This acquisition aims to complement Cemtrex's core business and strengthen its security technology portfolio to meet the increasing demand for security solutions across various sectors.

Company Information

Company

Cemtrex

Location

Brooklyn, New York, United States

About

Cemtrex Inc. (Nasdaq: CETX) is a world-leading diversified industrial and manufacturing company, providing solutions to meet today’s technology challenges.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed