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.
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