Canadian Security Magazine

GardaWorld to acquire G4S Cash Solutions

By Canadian Security   

News GardaWorld

Garda World Security Corporation has announced that it has signed a binding agreement for the acquisition of G4S Cash Solutions (Canada), for an aggregate consideration of C$110 million.

The completion of the transaction is subject to customary closing conditions including regulatory approvals. Closing is expected before the end of this year.

“GardaWorld is a Canadian company and we are thrilled at the prospect of welcoming the Canadian G4S Cash Solutions team,” said Stephan Crétier, President and CEO of GardaWorld. “Our Cash Services platform successfully established in Quebec and across the United States will now offer a fully integrated North American continental cross-border service delivery solution to all our clients. We look forward to working with G4S employees and having them as part of our performance-driven team. We expect a seamless transition as both our organizations share the commitment to a customer centric-culture and best-in-class service delivery.”

GardaWorld will be working with G4S to ensure customers and employees experience a smooth transition once necessary approvals have been obtained.


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