ISS Facility Services acquire Chubb divisions

ISS Facility Services acquire Chubb New Zealand’s manned guarding and mobile patrols division

25 September 2008 – ISS Facility Services today announced it has signed an agreement to purchase Chubb New Zealand’s guarding and mobile patrols business. The transaction is subject to clearance being obtained from by the New Zealand Commerce Commission.

“This acquisition is a major step in the strategic transformation of ISS New Zealand into a country-wide facility service provider. The acquisition of Chubb’s manned guarding and mobile patrols business will complement ISS Facility Service’s security operation, FIRST Security and boost its customer base with a well-known and respected business”, says Brian Young, CEO of ISS Facility Services New Zealand.

Chubb has over 50 years of security service experience in New Zealand and presently manage a nation-wide base of over 2,000 customers within manned guarding (including event management, prisoner escort and court custodial services) and mobile patrol services (including alarm response and the mobile patrol installation and de-installation aspects of the Home Detention Contract and the EM Bail Contract).

FIRST Security currently offers manned guarding and mobile patrol services in Auckland, Wellington and Christchurch. ISS has extensive knowledge of the security industry and is committed to the long term future of its New Zealand manned guarding and mobile patrols business.

The ISS Group is one of the world's leading Facility Services Groups, providing integrated service solutions based on the core business areas of Cleaning, Catering, Office Support, Property Service and Security. The ISS Group generated revenue of almost NZD 20 billion in 2007 and employs more than 460,000 people in 50 countries across Europe, Asia, USA, Latin America and the Pacific.

ENDS

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