Zicom Electronic Security Systems Limited has acquired 49per cent stake in UNISAFE Fire Protection Specialists LLC, Dubai, having an outstanding order book of about AED 19.8 million (approx. 25 crore).
Speaking on the stake acquisition, Manohar Bidaye, chairman of Zicom, said, “Electronic security solutions business is booming in the Middle East. Unisafe being an industry leader in the fire and safety business, our association with them will have great strategic fit.”
HE Major Gen. Saif Al Shafer, chairman of UNISAFE, said, “We are delighted to partner Zicom in the Gulf region. Zicom being a leader in the business of electronic security, fire and safety, we are confident that this partnership will create immense all-round value for both organizations.”
UNISAFE, with a well-reputed presence in Dubai and Abu Dhabi, has been operating for almost a decade. The company has handled such prestigious projects as Emirates Towers and Palm Jumeirah Beach Resort.
Zicom, a leading electronic security solutions provider in India, has a turnover of Rs 100 crore. Since its inception in 1995, the company has launched 11 retail outlets all over India and offers a wide range of products including access control systems using keypad, proximity card & biometrics, CCTV surveillance including remote video surveillance, fire alarm systems, smart cards, perimeter protection system, and law enforcement products.