Newmark Security plc
("Newmark" or the "Company")
Acquisition of Gunnebo Security Installations
Newmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, is pleased to announce that on 1 November 2013, its subsidiary company, Safetell Limited ("Safetell") has acquired the business of Gunnebo Security Installations ("GSI"), a division of Gunnebo UK Limited.
The purchase consideration totals £118,000, is payable in cash and mainly comprises the value of inventory and tools acquired.
GSI is a leading provider of bullet resistant and anti-attack security screens, counterwork, security doors, security glazing, cash scoops, night pay hatches and other bespoke physical security products.
Marie-Claire Dwek, Newmark CEO said, "Gunnebo UK Limited will continue to promote and sell the GSI product range to its customer base while the project management and installation activities will be handled by Safetell. Drawing on the extensive industry experience and strengths of both companies, Gunnebo UK Limited and Safetell will work together to provide an extended range of physical security products and services. This strategic partnership will benefit Gunnebo's valued customers and improve the quality and range of products and services, whilst Safetell will pursue new marketing opportunities with an expanded product range back by an experienced team."
For further information:
Newmark Security plc |
|
Marie-Claire Dwek, Group CEO Brian Beecraft, Group Finance Director |
Tel: +44 (0) 20 7355 0070 |
|
www.newmarksecurity.com |
Cantor Fitzgerald Europe (Nominated Adviser and Broker) |
David Foreman / Mark Percy |
Tel: +44 (0) 20 7894 7000 |
|
www.cantor.com |
Notes to editors
About Gunnebo Security Installations
Chubb Security Installations (CSI) was created in 1968 by Chubb Security to provide physical security products to retail and commercial business premises as well as employees from attack and was later acquired by Gunnebo in 2004 and rebranded as Gunnebo Security Installations.
About Newmark Security PLC
Newmark Security PLC is a leading provider of electronic and physical security systems, which focus on personal security and the safety of assets. Operating through two established and wholly owned divisions, Grosvenor Technology (Electronic) and Safetell (Asset Protection), the Group listed on AIM in 1997.
Founded in 1989 Grosvenor Technology provides state of the art access control and data acquisition systems delivered via its reputable JANUS access control platform and its CUSTOM brand data-collection terminals. The next generation and recently launched SATEON software is a brand new and innovative access control concept which for the first time ever, even though it is 100% browser based, is truly without compromise in function, style, or performance. Grosvenor Technology clients include BAE Systems, UK Air Traffic Control, BSkyB, Merrill Lynch, Bank of America, M & S, Morrisons, Tesco, Network Rail, government departments and many universities. More information can be found at www.grosvenortechnology.com
Offering staff and asset protection since 1987, Safetell is the UK's leading provider of fixed and reactive security screens, reception counters, cash management systems and associated security equipment. Safetell's customers range from leading blue chip organisations to single sites including banks and building societies, police forces and the Post Office, local authorities and government departments, forecourt retailers and supermarket chains. More information can be found at www.safetell.co.uk
