EFS acquires UAE's SecurePlus to boost GCC work
The acquisition is expected to boost EFS's operations as the MEA security and public safety market expands to $70.8bn by 2022
EFS Facilities Services announced it has acquired SecurePlus, a UAE-based security services provider that was established in 2005.
The acquisition follows the launch of EFS’ managed security services division, which caters to addressing the security services needs for a wide range of clients across public and private sectors.
Tariq Chauhan, group CEO at EFS Facilities Services Group, said the acquisition is in line with the company's strategy to expand its portfolio of IFM services across the region.
"We are pleased to announce the acquisition of SecurePlus and welcome its addition to the EFS Facilities Services family that firmly positions us as a one stop solution for IFM requirements," Chauhan said.
"Our strategy is to expand the operations of Secureplus across UAE as part of the first phase and to later introduce security services operations in other lucrative key markets as a new business sector complementing EFS’ existing IFM operations.
"EFS will enhance Secureplus’ service offering to establish itself as a premium service provider of man guarding and industrial security services, in addition to other ancillary services such as cash in transit and technology surveillance amongst others," Chauhan added.
As part of the acquisition, EFS Facilities Services has appointed a new management team to manage SecurePlus with proven credentials in operational management and core security systems globally.
The new management team will be supported by EFS’ shared services team.
"We are excited about the growth opportunities for managed security services here in the UAE, where demand for quality security services is high and rising," Chauhan said.
According to the Global Homeland Security & Public Safety Market To 2022 report, the Middle East and Africa Homeland Security and Public Safety market is expected to grow from $33.5bn in 2014 to $70.8bn by 2022.
"We believe that our newly established managed security services division has the necessary experience, skilled manpower and knowhow to cater to our clients particularly in our key markets like UAE and the wider MENA region," Chauhan added.