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Ozone Enterprise Acquires ‘Wallcam’, Diversifies Into The Fast Growing Security And Surveillance Business

Ozone Enterprise Group, an Everstone PE Capital funded company and leading player in the Architectural Hardware industry, announced its acquisition of ‘Wallcam’, a company engaged in Security and Surveillance business in India. The acquisition will make ‘Wallcam’ a fully owned subsidiary of Ozone.  The acquisition process, which is in its final stage, will be completed soon. Ozone sees a lot of synergies in the business with its existing business lines and will accelerate & strengthen Wallcam’s model of working through its R&D, manufacturing and reseller partners. 

Ozone has a diversified presence in Architectural Hardware, Safes & Vaults, Locks, Fire & Safety Doors and Urban Furniture, the brand is among the Top 3 players in Safes & Locks in the country. The group has been actively exploring options to diversify into new businesses, security and surveillance being one of them.

“The idea behind acquiring WallCam was to give a head-start to our diversification plans, get accesses to WallCam’s existing business, the brand, sales & distribution network. We are excited about this new move as it is in synergetic with our growth ambitions and abilities.” said Mr Alok Aggarwal, Founder & Managing Director, Ozone Enterprise Group

New DelhiJuly 30, 2018

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