SIS’ subsidiary -- SIS Australia Group (SIS Australia Group) has signed Shareholders’ agreement on September 12, 2022 to acquire an additional 15% shareholding in Safety Direct Solutions (SDS). On completion of the above acquisition, the shareholding of SIS Australia Group in SDS would increase from 85% to 100%. Acquisition will make SIS Group Australia's largest Emergency Services provider. Cost of acquisition will be determined based on a formula related to the performance of SDS in 2 years.
SIS provides security, facility management and cash logistics services, which are essential to the functioning of a vibrant and healthy economy.
