Magal Security Systems, has signed an agreement to acquire a 55% controlling interest in ECS BAZ Ltd. (BAZ), an Israeli-based company, focused on the development and manufacturing of military-grade smart Security Video Observation and Surveillance systems.
Magal has the option to acquire the remaining outstanding shares from Benny Zviran, BAZ’s Chairman and Chief Executive Officer.
Mr. Zviran will continue to serve as the General Manager of BAZ. The closing of the acquisition is pending the approval of the Israeli anti-trust authority.
It is anticipated that BAZ’s operation coupled with the expected synergies will positively contribute to Magal’s revenues and will be accretive to earnings.
The BAZ product portfolio includes a wide range of modular and customizable medium and long range surveillance systems for distances from 500m up to 25km.
(Learn More about ECS BAZ from their introductory video of the Giraffe, an all-condition long-range surveillance system designed to provide powerful Intelligence, Surveillance and Reconnaissance (ISR) capabilities under the toughest field conditions, such as extreme weather conditions. Courtesy of ECS BAZ and YouTube)
BAZ systems have been used successfully for over twenty years, are operational and field proven with customers including the Israeli Defense Forces, Police and Security Services, as well as numerous other government and civilian customers worldwide.
“Our vision is to lead the perimeter security market by offering a one stop shop for all cutting edge perimeter intrusion detection systems (PIDS) Security Solutions,” said Saar Koursh, CEO of Magal.
“The BAZ acquisition will enable us to offer smart thermal cameras with embedded video analytics and strengthens and broadens our portfolio of PIDS, state of the art video management systems and video analytics offerings.”
“We welcome the very talented and experienced team at BAZ to the Magal Group and look forward to realizing the strong potential synergies between our companies.”
“We are proud to join the Magal team, contributing our smart Video Observation and Surveillance solutions to an industry leading portfolio of perimeter security products,” added Benny Zviran, of BAZ.
“We look forward to better tapping this important market and growing together over the coming years.”
Magal is a leading international provider of solutions and products for physical and video security solutions, as well as site management.
(Learn More about Magal Security Systems, courtesy of the company and YouTube)
Over the past 45 years, Magal has delivered its products as well as tailor-made security solutions and turnkey projects to hundreds of satisfied customers in over 80 countries – under some of the most challenging conditions.
Magal offers comprehensive integrated solutions for critical sites, managed by Fortis4G – our 4th generation, cutting-edge physical security information management system (PSIM).
The solutions leverage their broad portfolio of home-grown PIDS (Perimeter Intrusion Detection Systems), Symphony – our advanced VMS (Video Management Software) with native IVA (Intelligent Video Analytics) security solutions.