Acquisition of all operations of Erotocritou Security Systems

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PIPERARIS announces the acquisition of all the operations and commercial activities of  EROTOCRITOU SECURITY SYSTEMS LTD.

Encouraged by its long-lasting success in the Cyprus market, Piperaris Security, with this move, aspires to penetrate even more dynamically into the ever-growing security sector and maintain its leading position. The two companies led to the above agreement and have already signed a relevant memorandum.

In his statement Mr. Marios Tryfonos, Chief Executive Officer of Piperaris, said:

“We welcome to the PIPERARIS family the human resources of EROTOCRITOU and their loyal customers with the promise of a reliable long-term partnership. The agreement was made in the framework of the implementation of the broader strategic development of our activities in new markets and collaborations.  With this move, we are looking forward to empowering PIPERARIS in seeking to strengthen our B2B partnerships so that we can get deeper into projects and the wholesale market. We are sure that with the incorporation of EROTOCRITOU we will become even stronger and we will continue to offer the best solutions for real security and protection.”

In his turn, Mr. Michalis Erotokritou Managing Director of Erotocritou says:

“It is a great honor and pleasure for us to join the big family of PIPERARIS. Joining a larger scheme of services and activities enables us to further enhance our product range, upgrade the dynamics and quality of our services, and make greater use of our expertise and know-how. With this cooperation we ensure both short and long-term stability and greater competitiveness. We set a strong foundation with this business move with our primary goal of providing our customers with the best service.”

Erotocritou Security has been in electronic security since 2004 based in Limassol. It imports, supplies and installs alarms, closed circuit television, fire detection and access control systems throughout Cyprus. With experienced staff, they offer modern, specialized and high-quality security products for every need.

The PIPERARIS Group consists of two companies, Piperaris Security and Piperaris Smart Automations. Certified by ISO-9001, have offices in Limassol and Nicosia, with showrooms, workshops, materials and components warehouses. With experience more than 25 years, qualified and skilled manpower beyond 40 people can offer solutions even to the most demanding needs. With 24 HOUR Nationwide service with Central Management of Technical Systems with Sophisticated monitoring station, take seriously and responsibly to study, design, implementation, technical support after the sale and monitoring of all systems, depending on the needs of each client separately. Allies with major original manufacturers of the world market, the effort is greatly enhanced to provide the most economical and most comprehensive market solutions.