Securicor Group chief executive Nick Buckles is making good on his plans for the company to become one of the top three global players in the private sector (‘Revolution calling’, SMT, August 2001, p20-22) by announcing that £120 million will be made available for strategic acquisitions before the month is out.

According to the latest reports in London’s Metro, Buckles has one eye firmly fixed on the situation at US industrial group United Technologies Corporation (UTC), which bought-out top UK security player Chubb this summer (‘United takes ‘hard look’ at Chubb’, News Update, SMT, July 2003, p9).

Buckles is said to be interested in launching a bid if United eventually decides to put any of Chubb’s security services businesses up for sale. “We believe in further consolidation,” opined Buckles.

Chubb’s manned security business is valued at £50 million.

Source

SMT