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G4S plc - Acquisition of Nuclear Security Services Corporation - G4S, the world’s leading international security solutions group, has acquired 100% of Nuclear Security Services Corporation (“NSSC”) from its founder Inge Collins, for $22m in cash on an enterprise value basis
G4S plc - Acquisition of Nuclear Security Services Corporation

 

NewswireToday - /newswire/ - Crawley, West Sussex, United Kingdom, 2010/01/04 - G4S, the world’s leading international security solutions group, has acquired 100% of Nuclear Security Services Corporation (“NSSC”) from its founder Inge Collins, for $22m in cash on an enterprise value basis. LSS: UK: GFS

   
 
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NSSC had revenues of $21m in 2008 and is a risk consulting and security solutions firm based in Illinois, USA. NSSC specialises in evaluation and assessment, design engineering, and installation and testing of security systems internationally for critical corporate and national infrastructure. NSSC’s core markets are within the nuclear power generation and government sectors, with recent expansion into the chemical/petrochemical arena. NSSC has Chemical Facility Anti Terrorism Standards (CFATS) assessment and engineering expertise.

NSSC customers in the U.S. include nuclear power and oil and gas companies, many departments of the U.S. Government and a number of Fortune 500 companies. In addition, NSSC has a number of international customers in the petrochemical and nuclear power security markets.

Grahame Gibson, Regional President, G4S North America said: “With the acquisition of NSSC, we can combine NSSC’s consulting, analytic, and technical capabilities with G4S’s existing expertise to become a fully integrated security solutions provider for multiple customer sectors, with a particular focus and expertise in the chemical and nuclear sectors.”

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About G4S
G4S (g4s.com) is the world’s leading international security solutions group, specialising 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.

 
 
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Written by / Agency / Source: G4S plc

 
 

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G4S plc - Acquisition of Nuclear Security Services Corporation

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