MoneyWorks4Me

SIS’ arm to acquire additional 15% stake in Safety Direct Solutions

13 Sep 2022 Evaluate

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.

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