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