Hanwha to invest in security and video surveillance business to strengthen its market position

Hanwha's goal is to become a provider of comprehensive security solutions through mergers, Acquisitions, partnerships and joint ventures. Moreover, in Korea Samsung Techwin changes its name to Hanwha Techwin, but in Europe it will continue to operate as Samsung Techwin Europe Limited and the Samsung brand for.

Following the acquisition of a significant part of the shareholding Samsung Techwin, Performed, according to ad Digital Security Magazine, December 2014, The Hanwha Group has completed the operation and confirmed its interest and expectations in the video surveillance and security business. Expectations that are aimed at positioning themselves in the high end of this sector in the long term.

The presentation of the company's business vision was held at a meeting held in Seul at the end of last month. At this event, Hanwha reported that it will rely on the Group's investments and strengthen the security division to make it a provider of comprehensive solutions through mergers, Acquisitions, partnerships and joint ventures. It will also invest in own technology and human resources to strengthen business capabilities.

In Korea, Samsung Techwin has changed its name to Hanwha Techwin, while in Europe the Samsung Techwin Europe Limited name and Samsung brand will be maintained for the products. The company will expand its business lines to home security, personal computers and cloud services based on Samsung Techwin technologies.

"Hanwha Techwin will serve as a growth engine for the group and will receive exclusive support from the group.. We will play a crucial role for the globalization of the group by achieving our long-term vision.", explains Kim Cheol-kyo, President of Hanwha Techwin.

Hanwha Techwin has also released its annual sales forecasts that it expects to reach 7.700 millions of euros in 2025, "a figure that will allow us to position ourselves as a world leader".

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