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Lorex

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Lorex
Subsidiary of Zhejiang Dahua Technology Co., Ltd.
ISIN🆔
Founded 📆* 1993: Founded
  • 1996: Strategic Vista Purchased Lorex brand
  • 2003: Digimerge professional brand launched
  • 2012: Sold to FLIR Systems, Inc – $59 million
  • 2018: Sold to Zhejiang Dahua Technology Co., Ltd. – $29 million
Founder 👔
Headquarters 🏙️250 Royal Crest Court,
Markham, Ontario, Canada,
L3R 3S1
Area served 🗺️
Key people
  • Gilad Epstein (Chief Executive Officer)
  • Steve Hong (Vice President, eCommerce
  • Jason Xu (Vice President & Operations)
  • Steve Gold (Vice President & Sales)
Products 📟 Security Cameras & Security Camera Systems
Members
Number of employees
🌐 Websitehttps://www.lorextechnology.com
📇 Address
📞 telephone

Lorex Technology Inc., is a Chinese subsidiary of Zhejiang Dahua Technology Co., Ltd. that distributes video security systems[1] through retail and online channels.[2][3] Headquartered in Markham, Ontario, Canada, Lorex manufactures security cameras and accessories for consumer and small business markets primarily in North America.

History[edit]

Lorex Technology, Inc. was founded in 1991 and purchased by Strategic Vista International in 1996. A subsidiary of Lorex, Digimerge, was launched in 2003 to gain access to the commercial professional security marketplace.[3] On December 20, 2012, FLIR Systems. Inc, an American provider of thermal imaging cameras and systems, successfully completed the acquisition of Lorex Technology Inc., which was rebranded as "Lorex by FLIR" for $59 million CAD.[4][5] On February 5, 2018 Lorex was acquired by Dahua Technology, Inc., where it now operates as a wholly owned subsidiary brand.[6]

Products[edit]

Lorex sells surveillance camera systems and equipment for residential home and business properties.[1][5]

References[edit]

  1. 1.0 1.1 FLIR Acquires Retail Camera Provider; Announces 3rd-Quarter Results, www.securitysales.com, retrieved 2012-10-24
  2. FLIR acquires Lorex for $59M, posts Q3 sales drop, www.bizjournals.com, retrieved 2012-10-25
  3. 3.0 3.1 LOREX Technology Inc. Agrees to Be Acquired by FLIR Systems, Inc. for Cdn $1.30 Per Share in Cash, www.marketwired.com, retrieved 2012-10-25
  4. FLIR buys Lorex; trims full-year outlook, optics.org, retrieved 2012-10-25
  5. 5.0 5.1 FLIR Systems Acquires Lorex Technology And Digimerge Technologies, sourcesecurity.com, retrieved 2013-02-05
  6. Rodney Bosch (February 6, 2018). "FLIR Sells Lorex Business to Dahua for $29M; Exits DIY, SMB Markets". Retrieved December 28, 2018.

External links[edit]


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