VIDEO Security Products reports it has entered into a definitive merger agreement with Fusion Security, a division of Fusion Power Systems, a provider of CCTV systems and services, effective May, 1.
“This merger with Fusion Security, based in Melbourne and Perth, further strengthens our position in the security distribution market,” said VSP’s Zaki Wazir. “The combination of Fusion’s rapid growth along with master distribution agreements with Verint with our solid year on year growth will provide our clients the skills and expertise to ensure that projects are delivered on time, on budget and meet the expectations of all stake holders.
This partnership is also expected to result in greater efficiencies and significantly increase our market share.
“As with all important business decisions, we will work closely with our clients, partners and employees to make the integration process as smooth as possible,” said Wazir. “The integration of both companies will take place over the next 10 days. In the meantime, our customers will continue to receive the same high quality service they have come to expect.
The Fusion Security team in Melbourne will merge into the premises of VSP Port Melbourne, while the team in Perth will integrate over the coming months. Fusion Security, is now a wholly owned subsidiary of Video Security Products. Come along to SecTech (register here) and meet the growing team at VSP! ♦
