Cemtrex Inc., a technology and manufacturing company, entered into an agreement to acquire ownership of approximately 46 percent of the outstanding common stock of Vicon Industries Inc., a New York-based provider of mission critical security and video surveillance systems.

Cemtrex’s CEO and Chairman, Saagar Govil, said, “This transaction represents a strategic investment for the company as we continue to expand our operations into long-term growth markets. Vicon is a strong brand in the security & surveillance market, with a great new product, Valerus, in an expanding market that is ripe for continued innovation. We are looking forward to leading Vicon to long-term success.”