China Security and Surveillance
Based in Shenzhen, China Security manufactures, distributes, installs and services surveillance and safety products and systems as well as develops surveillance and safety related software in China. Its customers are mainly comprised of commercial and government entities and non-profit organizations. China Security has built a diversified customer base through its extensive sales and service network that includes over 150 branch offices and distribution points throughout China.
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CSST expands into fire protection with acquisition company Shanghai Nanxiao
China Security & Surveillance Technology (CSST) signed a letter of intent to purchase 100 percent ownership in Shanghai Nanxiao Fire Protection Engineering Equipment Co. for approximately RMB100m, marking its expansion into the fire safety industry.
Founded in the mid 1990's, Shanghai Nanxiao is one of the largest fire protection system installation companies in China, engagin in the development, installation, inspection and maintenance of a number of building fire safety auto-alarm and extinguishing systems. It also markets and sells various new fire safety products and offers technical consultation for fire safety projects. It has 15 branches across China, and, in addition to its core business activities, is an official contractor of the 2010 World Expo Shanghai "Future" Exhibition Hall for various fire safety related projects covering over 40,000 square meters of construction space.
CSST anticipates to benefit win from the Chinese government's expansion of the nation's fire safety infrastructure.
