MoneyWorks4Me

SIS’ arm to acquire entire stake in Triton Group

28 Jun 2019 Evaluate

Security and Intelligence Services’ (SIS) subsidiary--Platform 4 Group (P4G) has signed definitive agreements to acquire 100% of the equity shareholding in Triton Security Services along with its subsidiary, The Alarm Centre (Triton Group) on June 27, 2019.

The acquisition would help P4G and SIS Group to add alarm monitoring offerings to its service portfolio in the New Zealand market. P4G will pay a purchase consideration of NZD 5.58 Mn for the 100% equity shareholding.

SIS is a leading provider of private security and facility management services in India.

Peers
Company Name CMP
SIS 418.85
Quess Corp 342.20
TeamLease Services 1149.20
Bluspring Enterprise 143.65
BLS Internatl. Serv. 219.00
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