Acquisition
(Thomson Reuters ONE) - 30 November 2009 G4S plc Acquisition of Hill & Associates Consultants LimitedG4S, the world's leading international security solutions group, hasacquired 100% of Hill & Associates Consultants Limited, (trading asHill & Associates), Asia's leading provider of specialist riskmitigation consulting services. The company was acquired from Hill &Associates Group Limited, a special purpose company majority owned byNavis Capital Partners Limited together with founders and seniormanagement of Hill & Associates, for a total gross cash considerationof US$8 million. Hill & Associates had audited revenues of US$20million in the twelve months to December 2008.Hill & Associates is the leading risk mitigation consulting businessin Asia with operations in 14 countries. The business employsapproximately 200 staff with a wide variety of professionalbackgrounds to provide Risk Intelligence, Enterprise Risk Management,Corporate Intelligence and Fraud Prevention & Integrity RiskServices to over a thousand clients every year.The acquisition of Hill & Associates supports the G4S strategy ofdeveloping its capability to provide high-end risk consultingservices to financial institutions, corporate multi-nationals andother customers and an important step in building a global network ofrisk and security consulting businesses.Ted Devereux, President of G4S's Asia Pacific region commented: "Theacquisition of Hill & Associates significantly increases ourcapabilities and customer offering in the region. I am pleased towelcome all of Hill & Associates staff to G4S and am looking forwardto working with its founding partners Colin Hill and Richard Hicksonwho will be responsible for leading the development of G4S's AsiaPacific risk consultancy operations."Richard Hickson, CEO of Hill & Associates said: "The combination ofHill & Associates' existing capabilities with G4S's capacity andfootprint will provide our clients with an unparalleled serviceoffering encapsulating intelligence, assessment, advice, support andresponse. Colin Hill and I are very excited by the significantopportunity to develop our business and about the benefits thisdevelopment will bring to our clients and our staff. We are lookingforward to working with Ted Devereux and the team at G4S to realisethis vision."- Ends -For further enquiries, please contact:Helen Parris - Director of Investor Relations +44 (0) 1293 554400Media enquiries:Alison Flynn - Media Manager +44 (0) 1293 554400Kevin Smith - Citigate Dewe Rogerson +44 (0) 207 282 1054Notes to Editors:G4S is the world's leading international security solutions group,specialising in outsourced business processes in sectors wheresecurity and safety risks are considered a strategic threat. G4S isthe largest employer quoted on the London Stock Exchange and has asecondary stock exchange listing in Copenhagen. G4S has operationsin over 110 countries and over 585,000 employees. For moreinformation on G4S, visit www.g4s.com.---END OF MESSAGE---http://hugin.info/141489/R/1358142/330589.docThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 30.11.2009 - 17:51 Uhr
Sprache: Deutsch
News-ID 9041
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