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Secom Buy

by msecadm4921

Electronic security firm Secom plc reports the acquisition of a South London-based alarms company, Security Direct, and its portfolio of more than 1,000 contract customers.

Minoru Takezawa, Managing Director of Secom plc, says the acquisition marks the start of a significant growth phase.

Established about 20 years ago, Security Direct Ltd is a family run business which provides domestic and commercial alarm systems throughout South London and neighbouring counties. Founder Barry Weller is retiring.

In terms of the deal signed in June, Secom has acquired the assets and business of Security Direct and will provide continuity of service for its customers. In addition, five employees of Security Direct will transfer to Secom in engineering, sales and administrative roles. Monitoring of Security Direct alarm systems, previously with a third party, will transfer to Secom’s Alarm Receiving Centre over the next three months.

Minoru Takezawa says the acquisition marks the start of renewed growth for Secom: "We have achieved significant organic growth in recent years as a result of our focus on providing quality service. We have built a solid reputation throughout the UK, and this is supported by technological and financial strength. Secom is now actively pursuing investment opportunities within the security industry, especially in key regional markets in order to enhance our position in each local community."

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