Security services business G4S has bought out Danish business ISS and has taken its staff headcount to more than one million.
The £5.2 billion deal follows the abandonment of a planned IPO earlier in March for the EQT and GS Capital Partners-controlled business.
G4S’s chief executive officer, Nick Buckles, comments: ‘We are excited to announce the acquisition of ISS to create the world’s largest integrated security and facilities services group. Since G4S was created in 2004, we have grown our business significantly and have expanded our service offering beyond our traditional security heritage into much broader areas of facilities services and outsourcing to meet growing customer needs.
‘We believe this acquisition will transform our business, significantly accelerate the delivery of our solutions strategy and create substantial value for shareholders.’
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