2nd Aug 2005 06:00
Embargoed Release: 07:00hrs Tuesday 2nd August 2005 TG21 plc ("TG21" or "the Company") TG21 plc increases its investment in public transport CCTV TG21 Plc is today pleased to announce that it has acquired a further 26% in21st Century Crime Prevention Services Limited ("21st Century") bringing itstotal holding to 75%.21st Century is a leading provider of CCTV and black-box solutions for the UKpublic transport sector, selling mainly to bus operators and manufacturers.21st Century has developed a system which facilitates the automatic download ofrecordings as the CCTV equipped vehicle returns to its depot, along with`Heartbeat' which transmits an alert in the event of any camera failure.The Company paid the option price of ‚£2,192,138 in cash to bring its holding to75% and retains a further option to acquire the remaining 25% of 21st Century.Peter Ward, Chairman, commented:"I am delighted with the progress being made to integrate 21st Century with theTG21 engineering, call centre and distribution resource. This acquisition givesus a controlling stake in 21st Century, a much stronger footing in thisexpanding market and will allow us to consolidate this new subsidiary's salesand profit growth with the rest of the group."For enquiries please contactPeter WardChairman, TG21 plcWilson JenningsFinance Director, TG21 plcTel: 020 8710 4000Andrew TanHansard CommunicationsTel: 020 7245 1100ENDTG21 PLCRelated Shares:
Tekmar Group