4 April 2008
G4S plc
Acquisition of RONCO Consulting Corporation
G4S, the world's leading international security solutions group, today
announces the acquisition of RONCO Consulting Corporation ("RONCO"), one of the
world's premier humanitarian and commercial mine action, ordnance disposal and
security companies, from Mr Steve Edelmann, the current President.
RONCO was founded in 1974, and is based in Washington, D.C. Since 1981, RONCO
has completed over 650 projects involving mine and unexploded ordnance
clearance, explosive ordnance disposal, security, and specialised training.
RONCO currently operates in Afghanistan, Iraq, and Sudan and has training
centres in Mozambique and Sri Lanka.
RONCO's portfolio of customers includes the U.S. Departments of State and
Defense, the United Nations, NATO, NAMSA, the World Bank, the Canadian and
British governments, and numerous commercial customers. RONCO employs over
1,200 people worldwide.
Dave Foley, President and CEO of Wackenhut Services Incorporated (WSI) said,
"The acquisition of RONCO significantly increases our capabilities in these
specialist areas. RONCO's reputation for service excellence is unrivalled in
this market and the acquisition provides us with additional skills and
expertise and is a natural fit for the development of the strategy of both WSI
and G4S internationally."
RONCO has gross assets of $25million.
For further enquiries, please contact:
Debbie McGrath - Group Communications Director +44 (0) 1293 554400
Helen Parris - Director of Investor Relations
Media enquiries:
Kevin Smith - Citigate Dewe Rogerson +44 (0) 7973 672649
Notes to Editors:
About G4S plc
G4S is the world's leading international security solutions group, which
specialises in assessing current and future risks and developing secure
solutions to minimise their impact across a wide range of geographic markets
and business sectors.
G4S is a major provider of risk management and protection to governments and
major corporate customers around the world and is an expert in all aspects of
local and international secure logistics.
G4S is the largest employer quoted on the London Stock Exchange and has a
secondary stock exchange listing in Copenhagen. G4S has operations in over 110
countries and over 530,000 employees. For more information on G4S, visit
www.g4s.com.
About Wackenhut Services Incorporated (WSI)
WSI is a wholly owned subsidiary of G4S Wackenhut. The company performs
security services, law enforcement, operations and maintenance, and fire
services for the US government. WSI's 8,500 employees are located throughout
the United States, and in Iraq.
END
© 2008 PR Newswire
