4 January 2010
G4S plc
Acquisition of Nuclear Security Services Corporation (NSSC)
G4S, the world's leading international security solutions group, has acquired
100% of Nuclear Security Services Corporation (“NSSC”) from its founder Inge
Collins, for $22m in cash on an enterprise value basis.
NSSC had revenues of $21m in 2008 and is a risk consulting and security
solutions firm based in Illinois, USA. NSSC specialises in evaluation and
assessment, design engineering, and installation and testing of security systems
internationally for critical corporate and national infrastructure. NSSC's core
markets are within the nuclear power generation and government sectors, with
recent expansion into the chemical/petrochemical arena. NSSC has Chemical
Facility Anti Terrorism Standards (CFATS) assessment and engineering expertise.
NSSC customers in the U.S. include nuclear power and oil and gas companies, many
departments of the U.S. Government and a number of Fortune 500 companies. In
addition, NSSC has a number of international customers in the petrochemical and
nuclear power security markets.
Grahame Gibson, Regional President, G4S North America said: “With the
acquisition of NSSC, we can combine NSSC's consulting, analytic, and technical
capabilities with G4S's existing expertise to become a fully integrated security
solutions provider for multiple customer sectors, with a particular focus and
expertise in the chemical and nuclear sectors.”
- 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 <http://www.g4s.com/>.
[HUG#1369905]
Acquisition of Nuclear Security Services Corporation (NSSC)
| Quelle: G4S plc