SIS Ltd Acquires 51% Stake in A P Securitas, Doubling its Size in Security and Facility Management Sector

SIS Ltd, a market leader in Security, Cash Logistics and Facility Management Group Enterprises, has announced the acquisition of a 51% stake in A P Securitas Private Limited. A P Securitas is a 40-year old firm with a pan-India presence and significant business in the BFSI sector. The acquisition will strengthen SIS's presence in all core sectors, bring new client relationships, a high-quality workforce, and a very high-quality management. The transaction will make SIS 2x the size of its nearest competitor with a FY '24 run rate of INR 6,100 crore. The acquisition will be done in a creeping style, with the balance to be acquired over a 3 to 4-year period. The first tranche consideration is INR 73.4 crore.