Allied Universal has announced the sale of its South African Cash Solutions division to IZi Africa Properties Ltd. The business was operated under the G4S brand and provided cash transportation and security services. With the sale, Allied Universal aims to streamline its international operations and focus more strongly on high-growth core segments. The transaction will also improve earnings and generate additional free cash flow. The company emphasises that the move will ultimately benefit the safety and well-being of its employees. ‘This strategic decision allows us to focus our resources on our core business and sustainable growth,’ said Steve Jones, Global Chairman and CEO. The transfer to IZi Africa Properties is expected to benefit both sides, while customers and teams will continue to receive reliable service. Allied Universal is thus underlining its commitment to remaining the market leader in security solutions while strengthening its financial base for future expansion.
Satellite radar for critical infrastructure: New technologies strengthen flood protection
Extreme weather and heavy rainfall are increasingly presenting new challenges for operators of critical infrastructure. Flood protection systems in particular, such as dykes and earthen embankments, must function reliably to protect settlements, transport routes and...
