30 November 2009
G4S plc
Acquisition of Hill & Associates Consultants Limited
G4S, the world's leading international security solutions group, has
acquired 100% of Hill & Associates Consultants Limited, (trading as
Hill & Associates), Asia's leading provider of specialist risk
mitigation consulting services. The company was acquired from Hill &
Associates Group Limited, a special purpose company majority owned by
Navis Capital Partners Limited together with founders and senior
management of Hill & Associates, for a total gross cash consideration
of US$8 million. Hill & Associates had audited revenues of US$20
million in the twelve months to December 2008.
Hill & Associates is the leading risk mitigation consulting business
in Asia with operations in 14 countries. The business employs
approximately 200 staff with a wide variety of professional
backgrounds to provide Risk Intelligence, Enterprise Risk Management,
Corporate Intelligence and Fraud Prevention & Integrity Risk
Services to over a thousand clients every year.
The acquisition of Hill & Associates supports the G4S strategy of
developing its capability to provide high-end risk consulting
services to financial institutions, corporate multi-nationals and
other customers and an important step in building a global network of
risk and security consulting businesses.
Ted Devereux, President of G4S's Asia Pacific region commented: "The
acquisition of Hill & Associates significantly increases our
capabilities and customer offering in the region. I am pleased to
welcome all of Hill & Associates staff to G4S and am looking forward
to working with its founding partners Colin Hill and Richard Hickson
who will be responsible for leading the development of G4S's Asia
Pacific risk consultancy operations."
Richard Hickson, CEO of Hill & Associates said: "The combination of
Hill & Associates' existing capabilities with G4S's capacity and
footprint will provide our clients with an unparalleled service
offering encapsulating intelligence, assessment, advice, support and
response. Colin Hill and I are very excited by the significant
opportunity to develop our business and about the benefits this
development will bring to our clients and our staff. We are looking
forward to working with Ted Devereux and the team at G4S to realise
this vision."
- Ends -
For further enquiries, please contact:
Helen Parris - Director of Investor Relations +44 (0) 1293 554400
Media enquiries:
Alison Flynn - Media Manager +44 (0) 1293 554400
Kevin Smith - Citigate Dewe Rogerson +44 (0) 207 282 1054
Notes to Editors:
G4S is the world's leading international security solutions group,
specialising 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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