African security deal for UK’s G4S

Security giant G4S yesterday announced its acquisition of Skycom, a market leader in the African security systems market.

G4S, which operates in more than 110 countries around the world, has acquired 100 peer cent of the issued share capital through its local subsidiary G4S Secure Solutions.

Skycom, has gross assets of £3.3m and counts most major South African mining houses and oil companies among its customers. The acquisition will boost the technical capabilities of G4S in South Africa and across the continent.