G4S acquisition comes to an end; Allied now 7th largest employer in world
Allied Universal can officially complete its acquisition of G4S - ending what was a long takeover journey with multiple bids from companies around the globe. Allied Universal has satisfied or waived all of the required offer conditions, including the required antitrust and regulatory approvals and will purchase G4S at its final offer price of 245p per G4S share, the acquisition value is £3.8bn.
Allied Universal is now the 3rd largest employer in North America and the 7th largest employer in the world.
"This is truly a very significant moment in Allied Universal's history," said Steve Jones, Chairman & CEO of Allied Universal. "Our vision is not only to be the best security company but to be the best corporate services partner in a world of evolving risk. I look forward to working with Ashley Almanza and G4S's senior management team through the integration process with the goal of establishing a global leader, equipped to lead the industry through the next phase of its development. Together, we will deliver the highest value proposition to customers in the security industry."
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