Introduction of Panasonic Security Monitoring System Company
Panasonic System Network Technology Suzhou Co., Ltd. is a high-tech enterprise jointly established by Matsushita Electric Industrial Co., Ltd. and Suzhou Chuangyuan Investment Development Group in November 1995. It covers an area of 26,000 square meters and mainly produces security cameras and sells them all over the world.
Panasonic hopes to complete the bid in April 2018. Potential buyers include the US equity fund Carlyle Group UK fund Pamela Fund and the UK private equity fund CVC.
The report also claimed that Panasonic may terminate the negotiations if it did not receive a satisfactory offer.
As a world-renowned manufacturer of security products, as early as 60 years ago, Matsushita began to develop security surveillance cameras, and once became the market darling.