Business
Acquisition of Gunnebo Security Installations
Acquisition of Gunnebo Security Installations.
About this update from Newmark Security Plc
[{"type":"text","content":"\n \nRNS Number : 0070S Newmark Security PLC 04 November 2013 \n \n\nNewmark Security plc\n \n(\"Newmark\" or the \"Company\")\n \nAcquisition of Gunnebo Security Installations\n \nNewmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, is pleased to announce that on 1 November 2013, its subsidiary company, Safetell Limited (\"Safetell\") has acquired the business of Gunnebo Security Installations (\"GSI\"), a division of Gunnebo UK Limited.\n \nThe purchase consideration totals £118,000, is payable in cash and mainly comprises the value of inventory and tools acquired. \n \nGSI is a leading provider of bullet resistant and anti-attack security screens, counterwork, security doors, security glazing, cash scoops, night pay hatches and other bespoke physical security products. \n \nMarie-Claire Dwek, Newmark CEO said, \"Gunnebo UK Limited will continue to promote and sell the GSI product range to its customer base while the project management and installation activities will be handled by Safetell. Drawing on the extensive industry experience and strengths of both companies, Gunnebo UK Limited and Safetell will work together to provide an extended range of physical security products and services. This strategic partnership will benefit Gunnebo's valued customers and improve the quality and range of products and services, whilst Safetell will pursue new marketing opportunities with an expanded product range back by an experienced team.\"\n \nFor further information:\n \n\n\n\n\nNewmark Security plc\n\n\n\n\n\n\n\nMarie-Claire Dwek, Group CEO\nBrian Beecraft, Group Finance Director\n\n\nTel: +44 (0) 20 7355 0070\n\n\n\n\n\n\n\nwww.newmarksecurity.com\n\n\n\n\n \n\n\n\n\nCantor Fitzgerald Europe (Nominated Adviser and Broker)\n\n\n\n\nDavid Foreman / Mark Percy \n \n\n\nTel: +44 (0) 20 7894 7000\n\n\n\n\n\n\n\nwww.cantor.com\n\n\n\n\n \nNotes to editors\n \nAbout Gunnebo Security Installations\nChubb Security Installations (CSI) was created in 1968 by Chubb Security to provide physical security products to retail and commercial business premises as well as employees from attack and was later acquired by Gunnebo in 2004 and rebranded as Gunnebo Security Installations.\n \n \nAbout Newmark Security...