1st Feb 2005 10:35
1 February 2005 GROUP 4 SECURICOR PLC ACQUISITION OF ONESERVICE TO EXPAND INTERNATIONAL VALUABLES TRANSPORTATION SERVICES Group 4 Securicor, the international security solutions group, announces thatit has today acquired OneService, the California-based shipper of diamonds andjewellery, for an initial cash consideration of ‚£6.2 million, with a furtherpotential earn-out cost of up to ‚£2.3 million.OneService, which had turnover of ‚£7.7 million and EBITA of ‚£0.9 million in2003, operates in the international valuables transportation sector withspecific focus on the shipping of diamonds and jewellery up to a value of$75,000 per consignment.The acquisition of OneService enables SIVT, Group 4 Securicor's internationalvaluables transportation business, to expand its market share in this sectorand to grow its global presence in strategically important cities across theUS, Europe and Asia.Through the combination of the OneService and SIVT businesses, customers willhave access to the full range of shipping options from a consignment value ofjust $1 up to $200 million.The management team of OneService are recognised as being leaders in theirfield and they will be remaining with the business to ensure quality of serviceto customers and to share knowledge and best practice.Lars Norby Johansen, Chief Executive of Group 4 Securicor, said "We are pleasedto have concluded this transaction and to retain the expertise of the keypeople within the business. This acquisition will enable us to expand ourmarket share in the transportation of valuables and will provide a singlesource for customers to fulfil their high value international transportationrequirements."For further enquiries, please contact:Lars Norby Johansen +44 (0)1293 554400Nick BucklesTrevor DightonDebbie McGrathMedia enquiries:Deborah Saw +44 (0)7973 672649Sarah GestetnerNotes to Editors:Group 4 Securicor operates in over 100 countries throughout the world andemploys over 340,000 people. It is a market leader in the provision of mannedsecurity, security systems and cash services in many of the countries in whichit operates. For more information on Group 4 Securicor please visit www.group4securicor.com.ENDRelated Shares:
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