G4S, the world’s leading international security solutions group, today announces the acquisition of Adesta LLC and Adesta LP, (“Adesta”) from McCarthy Group, Inc. and a group of senior management employees for a total cash consideration of $66 million.
Adesta had revenues of $92 million in 2008.
Adesta is US-based and provides systems integration and project management services for integrated security systems and communication networks. The company focuses on electronic and physical security solutions, installations and upgrades for seaports, government facilities and other critical infrastructure, along with offering all types of networks for voice, data and video applications. They provide clients with complete integration services to ensure network compatibility and reliability. Adesta has over 20 years of experience in the deployment of fiber and wireless technologies for public safety communications, ITS applications, physical security and video surveillance, healthcare, education/distance learning and broadband communications networks often used to carry video sensor, access control and other security related data.
Keith Whitelock, President, G4S Technology North America said, “As a leading systems integrator in the design and operation of security systems and command and control centers for Government and Regulated sectors, the Adesta acquisition is an important strategic step to deliver advanced secure solutions combining G4S manpower and technology to US seaports, where Adesta has an impressive market penetration, and extend this to chemical/petrochemical site security and other critical infrastructure.”
“We are very excited and pleased with the acquisitions by G4S,” said Bob Sommerfeld, President of Adesta. “The combination of innovative technologies and single-source total security solutions will provide customers with ground-breaking services and alternatives never available before. We also look forward to continuing growing our broadband business and sustaining our superior level of services to our broadband customers.”
G4S’s capability to deliver advanced technology solutions efficiently to US customers will be materially advanced by the Adesta acquisition and access to Touchcom’s OneFacility software (acquired by G4S in 2008) will enhance Adesta’s ability to grow its security–related business. The acquisition will be subject to customary closing conditions and relevant regulatory approvals.
For further enquiries, please contact:
Helen Parris – Director of Investor Relations +44(0)12 9355 4400
Kevin Smith – Citigate Dewe Rogerson +44(0)79 7367 2649
G4S (g4s.com) is the world’s leading international security solutions group, which specializes in outsourced business processes in sectors where security and safety risks are considered a strategic threat.
G4S is the largest employer quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S has operations in over 110 countries and over 585,000 employees.