Acquisition
June 20 2007 - 2:01AM
UK Regulatory
RNS Number:6592Y
SectorGuard PLC
20 June 2007
SectorGuard Plc / Ticker: SGD / Index: AIM / Sector: Support Services
20 June 2007
SectorGuard Plc ('SectorGuard' or 'the Company')
Acquires Hertfordshire Based Security Systems Business
SectorGuard plc, the AIM listed total security solutions group, has acquired the
assets of Euro Security Systems ('Euro'), a business focused on the
installation and maintenance of electronic security systems including intruder
alarms access control and cctv, for #232,000 in cash. This acquisition, the
Company's second in 2007, continues SectorGuard's aggressive expansion strategy
aimed at increasing its market share across the security sector.
Euro, which is based in Hertfordshire, will be integrated into SectorGuard's
Fire & Security Services division and will operate from its Hertfordshire head
office and the newly opened Cheshire office. Euro's operational and engineering
staff will complement SectorGuard's existing team in the enlarged business and
Euro's Managing Director Una Riley will be joining SectorGuard as Group Head of
Communications.
Euro, which has been trading for more than 20 years, reported turnover of
#940,000 for the year ended 31 January 2006. It has a broad range of both
residential and commercial clients and has a number of nationwide contracts,
including Esso Petroleum, Kwik Fit and Pumpkin Patch.
Una Riley has been a leading figure in the security industry for many years.
She is a past Master of the Company of Security Professionals and has been an
active member of various trade associations, including the British Security
Industry Association, where she has held representative positions and has been a
Regional Chairman of the National Approval Council for Security Systems
('NACOSS'). She is a regular contributor to Professional Security magazine and
in addition to her security industry involvement she is Middle Warden of the
Guild of Public Relations Practitioners. As the newly appointed Group Head of
Communications, Una will be responsible for raising SectorGuard's profile with
clients, prospective clients and the general public.
SectorGuard CEO David Marks said, "In completing the acquisition of Euro, we are
increasing both our market penetration and geographic spread, thereby placing
the enlarged business in a better position to service the requirements of
existing and potential clients. We are also retaining the services of a leading
spokesperson in the security industry, Una Riley, as our Group Head of
Communications to assist us in achieving greater market awareness of SectorGuard
and its position as a leading provider of total security solutions.
"Businesses such as SectorGuard need to invest continuously in infrastructure to
enable them to obtain the greatest benefit from continued growth. Our recent
acquisitions, including the one announced today, have added far more than
turnover to the business - they have brought a wealth of experience to the Group
and facilitated further expansion."
SectorGuard, founded in 1998, supplies total security solutions across the UK.
It has four key divisions: fire & security systems, response services, retail
security tagging and security personnel servicing a broad range of public and
private sector clients.
* * ENDS * *
For further information visit www.sectorguard.plc.uk or contact:
David Marks SectorGuard Plc Tel: 07734 051 547
Isabel Crossley St Brides Media & Finance ltd Tel: 020 7242 4477
Jonathan Wright Seymour Pierce Limited Tel: 020 7107 8000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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