26 August 2010
G4S plc
Acquisition of Plantech, Brazil
G4S, the world's leading international security solutions group, today announces
its growing presence in the Brazilian security market with an agreement to
acquire an initial 51% shareholding in Plantech Engenharia e Sistemas Ltda
("Plantech").
Plantech, a leading integrator in the Brazilian security systems market, has
gross assets of £9.5 million and will be acquired from its management owners Mr.
Helio Ferraz (CEO) and Mr. Fernando Haaland (CFO). The acquisition is expected
to complete in the next week and G4S has options to increase its stake at a
later date.
The acquisition marks the second stage of G4S's entry into Brazil, which is the
fifth largest security market in the world. The Brazilian market offers
excellent economic growth prospects, helped by vast natural resources including
significant oil and gas discoveries, and the expectation of one-off benefits
from the World Cup in 2014 and the Olympic Games in 2016.
Plantech had revenues of £10.3 million in the first six months of 2010. Founded
in 2001, it provides fully integrated solutions to a wide-ranging customer
portfolio that includes 130 multinational clients across the key sectors of
ports, airports, public transportation, hospitals and hotels.
G4S CEO Nick Buckles said: "The combination of Plantech with our earlier
acquisition of Instalarme will immediately double our sales revenue in Brazil
and gives us a market-leading position in one of the world's most exciting and
fastest growing security markets.
"Plantech represents an excellent next step, following our recent market entry,
providing impetus through its complete security systems product offering and a
strong platform for future development through its management talent and
in-house technical expertise.
"We expect that by 2012, G4S will have revenues of around £50 million in Brazil
and be growing around 15% per annum."
Plantech has four main business segments covering the full systems integration
capability:
<li>Physical Security Systems (PSS) - installation of security systems such as
access control, video monitoring, intrusion detection, fire detection and
suppression systems for commercial and industrial buildings;
<li>Building Management Systems (BMS) - design, installation and maintenance of
BMS for commercial and industrial buildings, as well as subway stations,
airports and others sectors;
<li>Maintenance - maintenance and technical support for systems and equipment
in PSS and BMS;
<li>Energy Efficiency - monitoring, control and management of energy
consumption for production facilities.
Plantech has approximately 400 employees and is headquartered in São Paulo with
two additional branches in Rio de Janeiro and Paraná.
In June 2010, G4S announced its entry into the Brazilian market with the
acquisition of Instalarme, the leading provider of security systems to the
Brazilian financial sector.
ENDS
For further enquiries, please contact:
Helen Parris - Director of Investor Relations+44 (0) 1293 554423
Media enquiries:
Alison Flynn +44 (0) 1293 554447
Kevin Smith - Citigate Dewe Rogerson+44 (0) 207 282 1054
Notes to Editors:
G4S is the world's leading international security solutions group, which
specialises in outsourced business processes in sectors where security and
safety risks are considered a strategic threat.
G4S is the largest employer quoted on the London Stock Exchange and has a
secondary stock exchange listing in Copenhagen. G4S has operations in over 110
countries and more than 610,000 employees. For more information on G4S, visit
www.g4s.com.
[HUG#1440311]
Acquisition
| Source: G4S plc