logo
Share SHARE
FONT-SIZE Plus   Neg

G4S To Buy Deposita - Quick Facts

G4S plc (GFS.L, GFSZY.PK) announced it has agreed to acquire Deposita Systems Pty Ltd together with certain related intellectual property rights. Deposita is the South African market leader in cash devices and related cash-in-transit, cash processing and insurance for the retail sector. G4S said the acquisition will significantly strengthen its position in the South African retail cash technology marketplace.

The acquisition is to be undertaken by G4S Cash Solutions Proprietary Limited, a provider of cash solutions in South Africa, from AFGRI Operations Pty Ltd, a wholly owned subsidiary of AFRGI Limited, and Fox Business Trust.

Upon completion, G4S will own 87% of the shares in Deposita and pay total consideration of 8.2 million pounds post debt restructuring.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Employees at Bombardier Inc.'s aerospace plant in Toronto plan to walk out of the facility on Wednesday morning. The move is an attempt to put pressure on Boeing Co. to drop a trade complaint against the Canadian plane and train maker. The Baltimore Ravens, a professional American football team, postponed its "DNA Day" event just hours before this season's home opener last Sunday. Orig3n Inc., a Boston-based biotech company sponsoring the event, said in a statement that it is "working to address questions from officials from the state of Maryland." A new analysis selects Alaska Airlines as the best domestic airline for Elite Status. According to credit-card rewards website The Points Guy, Alaska offers the best perks to its frequent flyers under airline loyalty program, beating out those offered by five competing domestic companies.
comments powered by Disqus
Follow RTT