Zicom acquires 49 pc stake in Unisafe Fire Protection

Mumbai, May 17 (UNI) Zicom Electronic Security Systems has acquired 49 per cent stake in Unisafe Fire Protection Specialists LLC, Dubai, having an outstanding order book of about AED 19.8 million (approx Rs 25 crore).

Unisafe is one of the most reputed Fire Protection Company in UAE having its presence in Dubai and Abu Dhabi, operating for almost a decade. Unisafe has handled many prestigious projects in UAE such as Emirates Towers, Palm Jumeirah Beach Resort, Wafi City and Dubai Airport Hangars.

In a statement here today, Zicom chairman Manohar Bidaye said, ''Electronic Security solutions business is booming in the Middle East. Unisafe being an Industry leader in the Fire and Safety business, our association with them will have great strategic fit and together we will now be able to offer solutions for Electronic Security and Fire Safety.'' Commenting on the acquisition, Unisafe chairman Saif Al Shafer said, ''We are delighted to partner Zicom in the Gulf region. Zicom being a leader in the business of Electronic Security, Fire and Safety, we are confident about this partnership which will create immense all round value for both organisations.'' UNI