Business news from Ukraine

The volume of the house professional alarm systems market in Ukraine expanded by 10-15% in 2019, to almost $50 million, Sales Director at Ajax Systems in Ukraine Andriy Rusan has told Interfax-Ukraine. “According to our estimates, last year the market for security systems used for domestic purposes, for example, in private houses, apartments, offices, banks, grew by about 10-15%, to $50 million. This does not include large infrastructure projects, for example, airports,” Rusan said.
According to him, in the Ukrainian market, in addition to Ajax Systems, four more major players are now represented.
“There are four more large companies on the market that are known in the professional environment, but less known in domestic use. In addition, we differ by the fact that we are the only ones on the market that are offering wireless systems, the rest offers wired ones,” Rusan said.
As reported, in March 2019, Emerging Europe Growth Fund III (EEGF III) managed by Horizon Capital acquired a minority stake in Ajax Systems, a leading producer of smart security systems in Ukraine, for $10 million. In September 2019, the Antimonopoly Committee of Ukraine considered the acquisition of a controlling stake in Cypriot Ajax Cyprus Holding Ltd. by Cypriot Dealbeta Investments Limited, created by Emerging Europe Growth Fund III (EEGF III), jointly with an individual-citizen of Ukraine.