G4S plc UK DK: Disposal
17 July 2014
Sale of G4S Secure Solutions AB ("G4S Sweden")
to Sector Alarm Sverige AS ("Sector Alarm")
G4S, the leading global security and outsourcing group, announces that it has
agreed the sale of G4S Sweden to Sector Alarm for a total consideration of SEK
438 million (£37.4 million at current exchange rates) including cash and
G4S Sweden provides manned security and security systems to customers across
Commenting on the proposed divestment, Ashley Almanza, G4S Group Chief
"The sale of our business in Sweden is part our active portfolio management
programme which we announced in November last year to improve our strategic
focus, capital discipline and returns.
We have implemented a number of operational improvements in G4S Sweden in the
last 12 months, and this sale realises an attractive premium for shareholders
while providing customers and employees with the prospect of a sustainable
business in Sweden."
The completion of the transaction is subject to customary closing conditions
and regulatory approvals.
G4S will work closely with customers, employees and employee representatives
to ensure a smooth transition once the necessary approvals have been obtained.
Helen Parris, G4S Director of Investor Relations +44 (0)1293
Piers Zangana, G4S Media Relations Manager +44 (0) 1293
Faeth Birch, RLM Finsbury
+44 (0) 20 7251 3801
Notes to Editors:
G4S Sweden employs 3,400 staff and provides manned security and security
systems services to corporate and private customers across the country through
its 36 offices and 50-strong partner network. In 2013, G4S Sweden had annual
revenues of SEK 1,261 million (£107.8 million at current exchange rates).
G4S is the leading global integrated security company specialising in the
provision of security products, services and solutions.
The group is active in more than 120 countries, and is the largest employer
quoted on the London Stock Exchange with more than 618,000 employees and has a
secondary stock exchange listing in Copenhagen.
For more information on G4S, visit www.g4s.com.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: G4S plc UK DK via Globenewswire
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