30 December 2011
G4S plc
G4S Botswana acquires Trojan Security Services and The Facilities Management Group
G4S, the world's leading security solutions group, today announces that G4S (Botswana) Limited has agreed to acquire the following businesses:
The assets of Trojan Security Services, ("Trojan"). Trojan, founded in 1992, is the third largest security services provider in Botswana. Its primary operating areas are manned security, cash in transit and alarm & response. Trojan is to be acquired from Trojan Security Services (Pty) Ltd, Cyber Space Age (Pty) Ltd and Hotline Security Services (Pty) Ltd for up to £916,500 in cash.
The Facilities Management Group (Pty) Ltd ("FMG"). FMG trades in three divisions: security, facilities management and cleaning services. To comply with local citizen economic empowerment requirements, 30% of the cleaning business will be sold to local citizens. FMG is to be acquired from Mr D Phillips for up to £1,253,500 in cash.
These acquisitions are subject to regulatory approvals. If approved they will strengthen significantly the strategic development of G4S Botswana in terms of both footprint and capability and allow the company to deliver a wider range of outsourced solutions to both existing and new markets.
For further enquiries, please contact:
Helen Parris - Director of Investor Relations +44 (0) 1293 554400
Media enquiries:
David Allchurch or John Sunnucks, Tulchan Group +44(0) 0207 353 4200
Notes to Editors:
G4S is the world's leading security solutions group, specialising in outsourcing of 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 more than 125 countries and more than 635,000 employees. For more information on G4S, visit www.g4s.com .