Aludie acquires National Autoparks and First Natioanl bank.

June '99 Asset Management

Johannesburg security systems company, Aludie has acquired the parking management business of National Autoparks Group and First National Parking. Aludie is one of South Africa's leading suppliers and installers of parking and related electronic security systems. The National Autoparks Group is South Africa's second largest parking operator.

National Autoparks Group, which has been operating for eighteen years, manages 25 parking sites in Gauteng. Karel Jasper, who manages National Autoparks Group jointly with Graham Killerby says "The advances in technology compel any parking operator who is serious about his business to exploit the synergies between the new technology that is now available and traditional parking management. We will be able to utilise Aludie's state of the art technology, particularly pay-on-foot systems, to the benefit of our customer base".

As an integrated electronic security systems company encompassing access control, parking control, CCTV, fire systems and asset tracking, Aludie's acquisition of National Autoparks Group forms part of its vision of providing a total security management solution to its customers.

Aludie Managing Director, Neil Cuffe says: "The security industry is growing rapidly both locally and internationally. Our focus in electronic security and management places us in a position to capitalise on both this growth and the advances made in IT This was evidenced by the ratings which the company achieved in the Business Times Top 100 Companies survey in 1998".

For details contact Aludi on tel: (011) 478 1950, fax: (011) 476 2342 or e-mail: [email protected].





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