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Share Name Share Symbol Market Type Share ISIN Share Description
G4s Plc LSE:GFS London Ordinary Share GB00B01FLG62 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00p -0.94% 211.90p 211.90p 212.00p 212.70p 208.50p 212.20p 1,994,045 15:44:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 7,512.0 143.0 5.3 40.0 3,287.83

G4S Buys South African Security Systems Company Skycom

13/09/2010 4:01pm

Dow Jones News


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G4S PLC (GFS.LN), an international security solutions group, said Monday it has acquired Skycom (Pty) Ltd. through its South African subsidiary G4S Secure Solutions (SA) (Pty) Ltd.

MAIN FACTS:

-Skycom, a security systems company, has gross assets of GBP3.3 million and was acquired from its management owners AD White (CEO), G Hogan (Operations Director), R Brooke Smith (Sales Director) and A Hauptfleisch (Development Director).

-The acquisition was completed on Sept. 1.

-The acquisition will enhance the technical capabilities of G4S in South Africa and across the continent.

-Skycom specializes in the installation of access control hardware and software and is a market leader in time and attendance solutions.

-Skycom counts most major South African mining houses and oil companies among its customers, and operates in several African countries.

-Shares at 1430 GMT up 1.5 pence, or 0.6%, at 254.6 pence.

-By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; tommy.stubbington@dowjones.com

 
 

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