iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

SIS-Australia Group to acquire remaining 15% stake in Safety Direct Solutions

13 Sep 2022 , 09:29 AM

SIS Australia Group Pty Limited (SIS Australia Group), a subsidiary of SIS Limited, signed a Shareholders’ Agreement to acquire an additional 15% interest in Safety Direct Solutions Pty Ltd (SDS).

Upon completion of the above acquisition, SIS’ shareholding would increase from 85% to 100%.

This acquisition is a strategic fit and complementary to the “Strategic Medical” business of SIS Group in Australia. This acquisition will amount to SIS Group Australia’s largest Emergency Services provider.

The acquisition will be completed on or before September 30, 2024.

The acquisition cost will be determined using a formula based on SDS performance over the next two years.

SDS is a prominent provider of critical risk, medical, training, and security services to Australia’s Fortune 500 companies. SDS provides clients with distinct, highly specialised services delivered by experienced and qualified experts and supported by a purpose-built training platform.

SDS has built a strong client base in the defence, mining, and oil and gas industries, with 7+ years of client relationships with the top 20 clients.

At around 9.32 AM, SIS was trading at Rs455.50 up by 0.13% from its previous closing of Rs454.90 on the BSE. The scrip opened at Rs459.80 and touched intraday high and low of Rs459.80 and Rs453.60 respectively.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • SISAcquisition
  • SISNews
  • SISShare
  • SISSharePrice
  • SISStock
  • SISStockPrice
  • SISUpdates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.