Securicor has budgeted up to GBP120m (USD202m) for acquisitions in an effort to become one of the world’s three largest security services groups.
Nick Buckles, chief executive, said that if United Technologies, the US industrial group that acquired Chubb in June, decided to put any of the security services company’s businesses up for sale, Securicor would be keen to bid.
Read MoreAn express parcel delivery firm based in Tipton has won a major contract, worth up to GBP200,000, to distribute medical products for people with sports injuries for fast growing London company, IntraMed.
Nightspeed Services took the account from Securicor to deliver 150 packages of healthcare and sports products to one hundred chemists and physiotherapists per day.
Read MoreDeutsche Post, the German postal group, yesterday stepped up its rivalry with the Royal Mail in the UK’s rapidly deregulating parcels sector by taking control of Securicor Omega in a deal worth pounds 167m.
The German postal service bought the remaining 50% stake it did not own in the post and logistics business from Securicor. Deutsche Post refused to say whether it was also interested in mail assets coming up for sale at Hays.
Read MoreSecuricor PLC said it plans to return around 75 mln stg to shareholders following the sale of its stake in a distribution joint venture to Deutsche Post, the other venture partner.
The company is selling its 50 pct holding in the venture for 247 mln eur in cash. Including Securicor’s 37 mln eur share of the venture’s net debt, the value of the disposal is 284 mln eur.
Read MoreMore than 5000 tonnes of paper from Finland and Sweden is now being moved across the UK to some of the country’s leading printers by Securicor Omega Logistics under a new three year contract with M-Real, Europe’s third largest producer of paper and paperboard.
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