Vicon Industries, Inc. (Vicon), headquartered in Edgewood, New York, has acquired IQinVision, Inc. Financial details of this transaction have not been disclosed.
Founded in 1967, Vicon designs, assembles, and markets video management systems and system components for use in security, surveillance, safety, and communication applications in the United States and internationally. The company’s products are used by commercial and industrial users, federal, state, and local governments for national security purposes, and financial institutions. Vicon markets its products primarily to installing dealers, systems integrators, government entities, and distributors.
IQinVision is a world leader in IP network camera products, and markets the IQeye line of HD megapixel IP cameras.
One of Oaklins' teams in the USA served as the exclusive financial advisor to Vicon Industries, Inc. (NYSE: VII) in its stock swap merger with IQinVision, Inc. Our team also provided a fairness opinion to the Board of Directors of Vicon in connection with the merger.
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