Hills Industries acquires UHS Systems
Hills Industries has broadened the global reach of its Electronic Security and Entertainment division with the acquisition of a controlling 51% stake in UHS Systems.
Sydney-based UHS is best known for its electronics and wireless communications products for security, telemetry and monitoring markets.
“This acquisition is a great fit for our business and continues the rollout of Hills’ strategic plan to build a security business in Australia and New Zealand that is second to none,” said Hills Managing Director Graham Twartz. “Significantly, UHS has some impressive partners throughout Australia, Europe and North America, which makes this acquisition consistent with our strategy to increase Hills’ reach into global technology markets.”
Twartz said Hills’ expanding Electronic Security division was transforming from a wholesaler of other people’s products to a business that combines the benefits of the Group’s partners with the ownership of our core intellectual property: “This has included the ongoing strategy of developing our own alarm devices and related equipment, including the launch of our Pacom EVO range of CCTV products and the recent unveiling at the ISE Europe show in Amsterdam of the new Hills SVL Australian Monitor range of digital audio products.
“The missing link for us was in the communications gateway and our new UHS acquisition leads the world in this market.”
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