Ademco Security acquires stake in Vietnamese firm

Singapore

SECURITY solutions provider Ademco Security Group on Thursday announced its first acquisition in Vietnam, as part of a wider aim to boost its overseas revenue by 50 per cent over the next three years.

This deal was done in partnership with International Enterprise (IE) Singapore and involved a 60 per cent acquisition of high-end integrated security solutions provider, TNT Technologies Joint Stock Company (TNT). The remaining 40 per cent will be maintained by TNT's existing owners.