4th Jun 2008 09:27
4 June 2008 G4S plc Acquisition of Touchcom, Inc.
G4S, the world's leading international security solutions group, today announces the acquisition of Touchcom, Inc. ("Touchcom") from Patrick de Cavaignac, Patrick Barry, Lester Halbik and a number of other individual shareholders for an initial cash consideration of up to $23 million and a further cash consideration of up to $33 million subject to the achievement of specified growth targets over a three year period.
Touchcom is a US-based developer, installer and maintainer of large-scale, web-based electronic security systems and facility management software, providing security consultancy and design services to the commercial and government sectors.
Touchcom utilises its unique web-based platform, OneFacility, to enable businesses to integrate their various building management and security systems, allowing remote management and data consolidation. The system forms a central database for the many activities which take place within a single site or multiple locations.
The acquisition of Touchcom will allow G4S to offer a unique integrated security consultancy and delivery capability to its US customers by combining Touchcom's expertise in systems integration and management with G4S Wackenhut's strong market position in the commercial and government sectors.
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 assessing current and future risks and developing secure solutions to minimise their impact across a wide range of geographic markets and business sectors.
G4S is a major provider of risk management and protection to governments and major corporate customers around the world and is an expert in all aspects of local and international secure logistics.
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 530,000 employees. For more information on G4S, visit www.g4s.com.
Peter David
Company Secretary
vendorRelated Shares:
GFS.L