British security solutions provider G4S Plc (LON:GFS) on Friday unveiled the purchase of two firms in Belgium from local safety solutions company ASC-Group for a total cash price of GBP2.98m (USD4.8m/EUR3.7m), in a move to enhance its portfolio in the country.
Under the deal, G4S has taken over ASC NV and ASC Safety Services BVBA, providers of expert fire and safety personnel, health and safety training, as well as rental, sale and maintenance of safety equipment to Belgian corporations and industry, it said.
With this move, G4S continues its strategy of building a top global security solutions business, by growing its offering with the addition of sectors such as fire, health, safety services and training solutions, Jean-Paul Van Avermaet, the chief executive of G4S Belgium and G4S Luxembourg said in a comment.
The transaction was carried out by G4S’ unit in Belgium following an agreement with ACS-Group’s owners Haann BVBA, Hans Buitendijk and Ann Van Durme, the buyer said.
The ASC-Group, Belgium’s second largest fire and safety company, was established in 1994 by its current CEO Hans Buitendijk.
G4S has government, corporate, industrial and financial institutions among its clients. It provides them with manned security, care and justice services, security systems and cash solutions, including management and transportation of cash and valuables, as well as the implementation of other outsourced business processes in sectors faced with security and safety risks.