Security and Intelligence Services’ (SIS) subsidiary -- SIS Australia Group Pty (SAGPL) has signed definitive agreements to acquire initially 51% shareholding in Platform 4 Group (P4G). SAGPL will pay purchase consideration of NZD 1.34 million for the 5l7o shareholding being acquired initially.
P4G is a highly reputed brand in New Zealand and has an impressive client portfolio. The acquisition will give the company an entry into the New Zealand market and will enable enlargement and expansion of the Australian business operations in to New Zealand.
SIS is a leading provider of private security and facility management services in India.
