Acquisition of new contracts

 

TIDMSGD 
 
RNS Number : 6369Q 
SectorGuard PLC 
16 April 2009 
 

SectorGuard Plc 
 
 
Acquisition of new contracts 
 
 
Highlights: 
  *  Acquisition of contracts worth GBP10m per annum for a total cash consideration 
  of GBP99,000 
  *  Contracts acquired from administrators of Craft Services Group 
  *  Acquisition makes SectorGuard a top 10 provider in UK manned guarding 
 
SectorGuard plc has, through its 100% owned subsidiary Legion Services Limited, 
acquired the contracts of Craft Services Group Limited (in administration) for a 
consideration of GBP99,000. The contracts with an annual value of GBP10m provide 
security and facilities services to shopping centres, property groups and 
commercial organisations. 
 
 
This addition further strengthens SectorGuard's market share within these 
sectors following quickly on from the Legion Group plc acquisition. 
 
 
Some 400 employees of Craft Services Group Limited have transferred (under TUPE 
conditions) over to Legion Group plc along with a number of the management team. 
 
 
SectorGuard plc is now a Top 10 provider of manned guarding within the UK and 
has over 3,200 employees group-wide. The Company will continue with its 
integration plan of both business units and has identified approximately GBP3m 
of consolidation savings per annum in the process. 
 
 
The integration process will be completed by the end of May 2009. 
 
 
Mark Higgins, Chief Executive comments; 
 
 
"We are pleased to have added this client portfolio and valuable workforce to 
our business. The recent acquisitions have demonstrated SectorGuard's ability to 
seek considerable value from a distressed market place. 
 
 
The Board expects to continue to grow the Company both organically through its 
strong long-term order book and will explore further opportunities to acquire 
additional organisations to continue consolidating the market place. 
 
 
The business model being adopted by the new Board of SectorGuard is ideally 
suited to enhancing customer service and drive efficiencies thus adding to both 
shareholder and stakeholder value" 
 
 
 
 
16 April 2009 
  Enquiries: 
 
 
+-------------+---------------+ 
| SectorGuard |  01992 701972 | 
| Plc         |               | 
+-------------+---------------+ 
| Mark        |               | 
| Higgins,    |               | 
| Chief       |               | 
| Executive   |               | 
+-------------+---------------+ 
| Charlie     |               | 
| Cleverly,   |               | 
| Managing    |               | 
| Director    |               | 
+-------------+---------------+ 
|             |               | 
+-------------+---------------+ 
| Seymour     | 020 7107 8000 | 
| Pierce      |               | 
+-------------+---------------+ 
| Jonathan    |               | 
| Wright      |               | 
+-------------+---------------+ 
|             |               | 
+-------------+---------------+ 
| College     | 020 7457 2020 | 
| Hill        |               | 
+-------------+---------------+ 
| Nick        |               | 
| Elwes       |               | 
| /           |               | 
| Paddy       |               | 
| Blewer      |               | 
+-------------+---------------+ 
 
 
www.sectorguard.co.uk 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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