Cemtrex Inc. announced on December 4, 2024, its intention to acquire 100% ownership of Vicon Industries, Inc. Vicon Industries is a New York-based provider of mission-critical security and video surveillance systems.
This plan is expected to close by year-end 2024, solidifying Cemtrex's position as Vicon’s sole owner. The acquisition will increase Cemtrex's current stake in the security technology company.
The move is designed to integrate Vicon more fully into Cemtrex's operations and strategic vision. This consolidation aims to streamline management and leverage Vicon's advanced security and surveillance technologies.
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