Group 4 Falck preparing for acquisitions

Group 4 Falck, the world’s second leading security service provider plans to buy two security and monitoring companies, as well as an electronic systems operator on the Romanian market. The Danes’ plan targets clearing a path in the second half this year so that the acquisitions could be completed next year, as explained by Liviu Tarsea, chairman of Group 4 Falck Romania, the local branch of the Danish security group. “We will have meetings to discuss these acquisitions in the second half of the year, which will be provided for in next year’s budget. We are targeting two security and monitoring companies and an electronic systems operator. An expansion of our business would be necessary,” Tarsea commented. He did not reveal which companies the Danes were considering. Sources on the market say these acquisitions should be worth several million dollars. ZF