GardaWorld announces Aegis Group purchase
GardaWorld has announced the strategic expansion of its protective services platform in Africa and the Middle East.
Over the past decade GardaWorld has continuously expanded its operational capacity as demand for specialized and professional services to protect high profile diplomatic staff, development projects and leading oil & gas companies dramatically increased in Africa and the Middle East. The company expects to complete this phase of its strategic expansion plan before the end of the year.
As the first phase of its strategic expansion, GardaWorld has entered into a binding agreement for the acquisition of Aegis Group, a provider of specialized protective services with annual run-rate revenues of over CAN$450 million with a presence across 10 African and Middle East emerging markets.
"Aegis Group's operational platform will complement GardaWorld's offering and geographic footprint as we continue to build our protective services capabilities throughout Africa and the Middle East," said Stephan Crétier, Founding President and CEO, GardaWorld. "Aegis Group and GardaWorld have both been truly committed to setting the highest professional and ethical standards in the industry. We are the first two private security providers in the world to obtain the PSC.1 certification, offering our clients a complete peace of mind service solution in emerging markets."
"In the next phase of our growth strategy, planned for later this year, we expect to further expand GardaWorld's regional infrastructure and to double our physical footprint by reinforcing our presence on the ground in nearly 20 countries in Africa and the Middle East," continued Mr. Crétier.
GardaWorld's acquisition of Aegis Group is subject to customary closing conditions, including regulatory approvals and is expected to close within the next 90 days.
Certification PSC-1: ANSI/ASIS PSC.1-2012 - Management System for Quality of Private Security Company Operations - covers the design, delivery and management of physical security and security risk management services worldwide in high risk, benign and complex environments in a responsible manner that enhances human safety and security, conforming to international law, local laws and human rights.
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