SIS Australia Group Pty Ltd to acquire 85% in Safety Direct Solutions Pty Ltd

SIS Australia Group Pty Limited, a subsidiary of SIS Limited, has, on August 31, 2022, signed Share Purchase Agreement for acquisition of 85% shareholding in Safety Direct Solutions Pty Ltd.

The cost of acquisition will be AUD 5 million.

SDS is a leading provider of critical risk, medical, training and security services to bluechip organisations across Australia. SDS offers differentiated, highly specialised services to its clients, performed by experienced and credentialed professionals and enabled by a built built-for-purpose training platform. SDS has developed a strong client base across the defence, mining and oil and gas sectors with long client relationships of 7+ years across the top 20 clients. The Business currently has a workforce of approx. 390. SDS is headquartered in Perth with operations in Darwin, Sydney and Cairns.

The acquisition is a strategic fit and complementary to the "Strategic Medical" business of SIS Group in Australia. Acquisition will make SIS Group Australia's largest Emergency Services provider.

Source : Equity Bulls

Keywords

SIS SISAustraliaGroup Acquisition SafetyDirectSolutions Australia