Bidvest and Protea Coin fill the gaps

August 2014 News & Events

The recent acquisition by Bidvest of Mvelaserve is having a direct impact on the security industry. As a result of the various companies within the Mvelaserve group, Bidvest Magnum has now been merged with Protea Coin, forming a new company called Bidvest Protea Coin.

David Crichton
David Crichton

David Crichton has been appointed to the position of technology director for Bidvest Protea Coin and he says the merger has gone very smoothly as there is no overlap between the two companies, except for in some administration areas.

“The two companies complement each other very well as we did not compete in the past,” explains Crichton. “In addition, the merger will provide the combined company with a stronger offering to take into South Africa and Africa, an expansion goal both were pursuing before the buyout.

“On the national front, Bidvest Protea Coin now has a much larger footprint throughout South Africa and is able to offer a broader range of integrated services. The two companies really have filled gaps each was missing and expanded the range of verticals they serve.”

An example of the integrated services now on offer is the advanced access control offering that incorporates the SACO workforce management solution from Protea Coin with Bidvest Magnum’s traditional offering. The company now also has a division that offers fencing products, skills and services.

Bidvest Protea Coin now employs around 270 people and covers security needs, from guarding to cash-in-transit services through to the latest in security technology. The company’s branch network has also been strengthened, with more fully functional branches being set up that will offer clients everything they need, from designing solutions, through to installation and maintenance, as well as the administration required in remote offices.

As far as integrating the companies is concerned, Crichton says they have all moved into a common building and are now working on rebranding the new business. The good news is that due to the companies’ different focus areas, there will be no redundancies following the merger.

For more information, contact Bidvest Protea Coin, +27 (0)12 665 8000, [email protected], www.proteacoin.co.za





Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

Highest increase in global cyberattacks in two years
Information Security News & Events
Check Point Global Research released new data on Q2 2024 cyber-attack trends, noting a 30% global increase in Q2 2024, with Africa experiencing the highest average weekly per organisation.

Read more...
The power of PKI and private sector innovation
Access Control & Identity Management News & Events Government and Parastatal (Industry)
At the recent ID4Africa 2025 Summit in Addis Ababa, the spotlight was firmly on building secure, inclusive, and scalable digital identity ecosystems for the African continent.

Read more...
Bosch Security renamed Keenfinity
News & Events
Globally renowned brands for video systems, access control and intrusion alarm systems, as well as communication systems, unite under the roof of the new company Keenfinity Group.

Read more...
2025 video surveillance market set for improved fortunes
News & Events Surveillance
Novaira Insights has unveiled its latest report, World Market for Video Surveillance Hardware and Software – 2025 Edition, forecasting a healthy growth rate of 8,1% until 2029, excluding China.

Read more...
Wialon announces integration with fleet maintenance and optimisation platform
News & Events Transport (Industry) Logistics (Industry)
Fleet management software platform integrates with a fleet maintenance and optimisation platform to support mutual customers for better workflows and deeper insights into fleet operations.

Read more...
DeepSneak deception
Information Security News & Events
Kaspersky Global Research & Analysis researchers have discovered a new malicious campaign which is distributing a Trojan through a fake DeepSeek-R1 Large Language Model (LLM) app for PCs.

Read more...
Almost 50% of companies choose to pay the ransom
News & Events Information Security
This year’s Sophos State of Ransomware 2025 report found that nearly 50% of companies paid the ransom to get their data back, the second-highest rate of ransom payment for ransom demands in six years.

Read more...
Value and industry insight
Securex South Africa Training & Education News & Events
Securex South Africa 2025, co-located with A-OSH EXPO, Facilities Management Expo, and Firexpo, drew thousands of security professionals from across the continent and beyond, offering a platform for networking, product discovery, and knowledge sharing.

Read more...
Gallagher Security achieves ISO 27001 recertification
News & Events Training & Education
Gallagher Security has successfully achieved certification to the updated ISO/IEC 27001:2022 standard for Information Security Management Systems (ISMS). This accomplishment builds on previous certifications and reflects a continued commitment to the highest standards of information security.

Read more...
Survey highlights cost of cyberdamage to industrial companies
Kaspersky Information Security News & Events
The majority of industrial organisations estimate their financial losses caused by cyberattacks to be over $1 million, while almost one in four report losses exceeding $5 million, and for some, it surpasses $10 million.

Read more...










While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.




© Technews Publishing (Pty) Ltd. | All Rights Reserved.