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Group 4 Falck and Securicor to merge

Group 4 Falck and Securicor have announced their intention to merge and create a global leader in security services. According to company executives, the intended merger of Group 4 Falck's security businesses and Securicor will create a focused global leader in security services and allow the group to consolidate manned security operations in key European and North American markets.

Executives seek to provide a strong foundation for maintaining and developing an integrated security services model, and an enhanced platform across high growth emerging markets, by leveraging of expertise and increased operational flexibility in cash services.

The companies have identified cost synergies of £35 million (DKK 388 million) per annum. According to the press release, Group 4 Falck's Rescue & Safety and GSL businesses are to be separated in order to benefit from greater business focus and thereby realise their full potential. It is unknown at present how this merger will affect the South African operations of either company.

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