Security and Intelligence Services India (SIS) has received an approval for acquisition of 51% stake in SLV Security Services. The acquisition would help SIS gain market share in NCR where SLV is a leading player. The Investment Committee of the company at its meeting held on August 01, 2018, approved the same.
Post the acquisition, SIS and SLV will be dominant player with a close to 10% market share in the Gurgaon market which is one of the top 8, and fastest growing, markets for security services.
Security and Intelligence Services is a leading provider of private security and facility management services in India.
