Zicom Electronic Security Systems Ltd announced that the company has formed a joint venture (JV) with CNA Group, Singapore, to offer integrated intelligent building management solutions and green buildings in India.
Zicom will acquire 51% stake and CNA Group will have 49% in the joint venture company named as Zicom CNA Automation.

The JV aims to leverage on the enormous growth potential of the booming real estate market in India by providing integrated facilities management solutions and services to residential, industrial commercial and Government construction.

Under the arrangement, Zicom will provide financial support for all projects that are procured under the proposed Zicom CNA Automation while CNA will provide sales and marketing support and will also be responsible for the training and development of personnel.

Mumbai-based, Zicom Electronic provides electronic security solutions in India. It offers a range of products, including access control systems, closed circuit television surveillance, fire alarm systems, smart cards, biometrics, remote video surveillance, perimeter protection system, and law enforcement products.

The present move is in line with its business objective of accelerating growth to ramp up its strategic focus on developing expertise on integrated building management solutions and green buildings with control and automation.