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SIS’s arm inks agreement to acquire 85% stake in Safety Direct Solutions

02 Sep 2022 Evaluate

SIS’s subsidiary -- SIS Australia Group has signed share purchase agreement for acquisition of 85% shareholding in Safety Direct Solutions. The cost of acquisition is AUD 5 million and the expected period for completion of the acquisition is on or before September 30, 2022. The said acquisition will make SIS Group Australia's largest Emergency Services provider.

SIS provides security, facility management and cash logistics services, which are essential to the functioning of a vibrant and healthy economy.

Peers
Company Name CMP
SIS 389.45
Quess Corp 322.15
TeamLease Services 1109.60
Bluspring Enterprise 161.75
BLS Internatl. Serv. 221.55
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