17 November 2009
G4S plc
Acquisition of Adesta
G4S, the world's leading international security solutions group,
today announces the signing of a sale and purchase agreement to
acquire Adesta LLC and Adesta LP, ("Adesta") from McCarthy Group, Inc
and a group of senior management employees for a total cash
consideration of $66 million on an enterprise value basis. Adesta had
revenues of $92 million in 2008.
Adesta is US-based and provides systems integration and project
management services for integrated security systems and communication
systems. The business has three areas of focus related to secure
solutions for critical infrastructure - seaports, other critical
infrastructure and critical assets and broadband communications
networks often used to carry CCTV data.
David Fairnie, G4S Global Ports Solutions Director said "As a systems
integrator in the design, management and operation of command and
control centres, the Adesta acquisition is an important strategic
addition to G4S's secure solutions offering to US and International
seaports, where Adesta has impressive market experience and
penetration. In particular, we believe Adesta can add considerable
value to our unique solutions approach for chemical/petrochemical
infrastructure security."
Grahame Gibson, Regional President, G4S North America said "G4S's
capability to deliver advanced technology solutions efficiently to US
customers will be materially advanced by the Adesta acquisition and
access to Touchcom's One Facility software (acquired in 2008) will
enhance Adesta's ability to grow its security-related business."
Completion of the acquisition will be subject to customary closing
conditions and relevant regulatory approvals.
For further enquiries, please contact:
Helen Parris - Director of Investor Relations +44 (0)
1293 554400
Media enquiries:
Kevin Smith - Citigate Dewe Rogerson +44 (0) 7973
672649
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 over 585,000 employees. For
more information on G4S, visit www.g4s.com.
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