13 July 2011
G4S plc
G4S acquires Alarm Monitoring Services
G4S, the world's leading secure solutions group, today announces the acquisition
by G4S Secure Solutions (Ireland) Limited of certain assets of Alarm Monitoring
Services (AMS) Limited (also trading as "i-watch"), a leading alarm monitoring
supplier across Ireland. The purchased assets were acquired for a consideration
of €2.55m payable in cash, 70% of which was paid on completion. The remaining
30% will be paid within 18 months, subject to achievement of certain results.
Alarm Monitoring Services provides a range of state-of-the-art monitoring,
patrol and response services to Irish businesses. This acquisition will further
develop G4S's ability to deliver secure monitoring solutions to customers across
Ireland.
Niall Feely, Managing Director, G4S Secure Solutions (Ireland) Limited
commented: "We are very pleased to welcome the Managing Director of AMS, Tim
O'Shea and the AMS team to G4S. This is a very important acquisition for us
which allows us to expand our business and offer a stronger, more effective and
comprehensive security service to some 40,000 businesses, organisations and
enterprises across Ireland. Security issues are a growing source of worry to
Irish businesses and it is important for us, as the industry leader, to continue
to expand our services and bring greater security and reassurance to our
customers".
For further enquires, please contact:
Helen Parris - Director of Investor Relations+44 (0) 1293 554423
Media enquires:
David Allchurch, John Sunnucks - Tulchan Group+ 44 (0) 2073 534200
G4S plc
G4S is the world's leading security solutions group, which specialises in
outsourcing of 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 125 countries and more than 625,000 employees. For more
information on G4S, visit www.G4S.com
[HUG#1530715]
Acquisition
| Source: G4S plc