The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

G4S Agrees Bid from Rival Allied Universal

G4S Agrees Bid from Rival Allied Universal
10 December 2020
 

British Security Group G4S has accepted a £3.8 billion takeover bid from rival Allied Universal.

G4S has previously been targeted by Canada’s GardaWorld, in what the Financial Times called “a hostile takeover campaign”. After a 235p per share final offer from GardaWorld, Allied Universal’s bid values G4S at around £3.8bn, higher than the £3.7bn offer from GardaWorld. 

The board at G4S unanimously rejected GardaWorld’s offer on the basis that it “significantly undervalues the company and its prospects and is not in the best interests of shareholders or other stakeholders.”

The merger will bring together two of the largest security operators, creating predicted revenues of approximately $18bn.

Picture: a photograph of a G4S employee wearing a branded high-vis jacket, holding a security radio. Image Credit: G4S

Article written by Ella Tansley | Published 10 December 2020

Share



Related Articles

First Response Group Acquires Integrated Security Consultants 

First Response Group has acquired Wembley-based stadia security specialist Integrated Security Consultants. The acquisition will allow First Response Group (FRG),...

 Read Full Article
Why The Connected Officer is Driving Security Transformation 

Noah Price from G4S outlines how the role of security is changing and how its Connected Officer Programme is delivering service improvement, workforce engagement and the...

 Read Full Article
G4S Fined After Lone Working Security Officer Assaulted

G4S, the private security firm, has pleaded guilty to breaching health and safety laws after a security officer was assaulted whilst working alone. The security...

 Read Full Article
G4S Acquired by Allied Universal

G4S, the global security company, has been acquired by North American security and FM business Allied Universal. With an acquisition value of £3.8 billion, the...

 Read Full Article
CMA Clears MRI Software’s Acquisition of Capita One

The Competition and Markets Authority has cleared the acquisition of Capita One by MRI Software.  The deal was first announced in July...

 Read Full Article
Ranger Fire and Security Acquires McGoff & Vickers Fire & Security Systems

Ranger Fire and Security has announced its first acquisition of 2025: North-West based McGoff & Vickers Fire & Security Systems. Backed by private investment...

 Read Full Article
andwis Acquires Rock Compliance

Warwickshire-based Rock Compliance has been acquired by the andwis Group. The deal will help andwis to expand its critical compliance offering to its customers,...

 Read Full Article
Apleona Acquired by Bain Capital

Private investment firm Bain Capital has acquired European FM service provider Apleona. Having been acquired by equity firm PAI Partners in 2020, Apleona now has a new...

 Read Full Article
VINCI Acquires FM Conway

VINCI has completed its acquisition of infrastructure services business FM Conway. FM Conway specialises in essential maintenance and construction services across...

 Read Full Article
andwis Group Pursues Aggressive Growth Plans

Building services provider andwis Group intends to become “a benchmark for technical building and compliance services” in 2025. The business, headed up by...

 Read Full Article