AUSTRALIA’S third largest security firm, SNP, has entered into a binding sale agreement under which 100 per cent of SNP shares will be sold to Certis Cisco, Singapore’s largest security organisation.
Certis Cisco has an existing security business in Australia, BRI. With the addition of SNP, Certis Cisco will establish a new organisation, Certis Security Australia.
Tom Roche, SNP’s Managing Director for the last 25 years, will be appointed to lead Certis Security Australia. He will work closely with the Certis Cisco to deliver seamless service during the integration.
Paul Chong, President and Group Chief Executive Officer of Certis Cisco, said the new venture was a logical fit for Certis Cisco as they see SNP and the Australian market as critical to their strategic direction.
“Over its 95-year history, SNP has built a reputation as an industry leader in customer service, innovation and developing partnership advocacy,” Chong said.
“We believe that Certis Cisco and SNP share similar core values and beliefs, and we are genuinely excited about the growth prospects for the expanded group.”
According to Tom Roche, Certis Cisco is a highly impressive and professional business, with a deep understanding of all facets of the security sector, and integrated facilities management.
“Their extensive access to technology will drive operational efficiencies and bring extensive opportunities to increase our agility and proposition as a business,” Roche said. “We look forward to leveraging Certis Cisco’s operational technology expertise to enhance our fully integrated solution offering to the market and, in doing so, further enhance our long-standing customer relationships.”
Founded in 1923, SNP has grown to become one of Australia’s leading security services providers and the leading aviation security provider in Australia, with more than 2500 employees nationwide.
Certis Cisco offers complete end-to-end security solutions, from armed and unarmed physical security to cyber security, with extensive experience in aviation and critical infrastructure security, including the provision of security services at Singapore’s Changi International Airport. Certis Cisco has a strong presence in the Asia Pacific region and the Middle East, employing 34,000 people.
The acquisition does not include SNP’s shareholding in Telstra SNP Monitoring (TSM).
#securityelectronicsandnetworks
