Cemtrex to Complete 100% Acquisition of Vicon Industries

Brooklyn, NY, Dec. 04, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that it intends to acquire One Hundred percent (100%) ownership of the entity Vicon Industries, Inc. (VCON), a New York based leading provider of mission critical security and video surveillance systems. This plan, which is expected to close by year-end, will solidify Cemtrex's position as Vicon’s sole owner, increasing its current stake from approximately 93% to 100%.

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