Security guards matched by helicopter unit in R2bn Fidelity ADT deal
TMG Digital | 2017-03-16 18:44:21.0
Image by: Gallo Images/Thinkstock
The Fidelity Security Group on Thursday announced the financial conclusion of its acquisition of ADT South Africa from Tyco for R2 billion‚ following regulatory approval of the merger by the Competition Tribunal.
The new entity‚ to be known as Fidelity ADT‚ will operate across the commercial‚ public sector and residential markets. Following the acquisition‚ Fidelity ADT is a 100% South African‚ 54.62% black owned company. It has 168 points of presence across Southern Africa‚ supports around 57‚000 employees‚ and manages a fleet of 4‚574 vehicles.
Wahl Bartmann‚ Fidelity Security Group’s CEO‚ said in a statement the transaction offers benefits for the customers of both companies. “Fidelity brings the capacity to provide ADT’s 365‚000 residential‚ small-to-medium sized enterprises and larger commercial customers‚ with a more integrated‚ proactive and robust security and guarding service in a localised community driven environment.
“Where many security companies only respond to crime incidents‚ Fidelity works to proactively mitigate crime in the communities in which it operates‚ and that is a very strong proposition for customers. Fidelity’s airborne helicopter support unit‚ as well as its canine unit‚ will provide extra levels of support to our teams while in the field‚ and allow for the provision of services in higher risk areas.”
ADT provides Fidelity’s customers with access to security technology solutions‚ such as central monitoring services‚ video surveillance and dispatch‚ and access control. It also allows for the expansion of ADT’s fire detection and suppression solutions‚ an area of specialisation and technical expertise at the firm‚ the statement said.
Customers can expect to see dual branding – with both Fidelity and ADT’s logos – begin to appear by the end of this week. This will also be rolled out for uniforms and vehicles across the Fidelity ADT Armed Response and Technical services divisions‚ with this process being completed within 60 days.