Manned guarding firm SectorGuard has completed the acquisition of the entire issued share capital of SectorAlarm Limited, the alarm installer.
This follows the approval of the acquisition by shareholders at today’s extraordinary general meeting. In accordance with the terms of the sale and purchase agreement, application has been made for the admission of 4,525,576 new ordinary shares in SectorGuard to trading on AIM. Dealings are expected to commence on April 5.
What they say
SectorGuard CEO David Marks said: “We believe SectorAlarm will provide us with a strong platform for growth in the electronic security systems sector and expect that this acquisition will be the first of a series in this sector. The merger of the two businesses will enable us to provide a total security solution to all our present and future clients. By bringing together the two companies we can cross fertilise business across the two diverse client bases, offering enhanced services to our clients and generate significant returns.”
