Eruma shares nearly double on deal with new partner

Eruma, an AIM-listed company which provides counter terrorism, intruder prevention and intelligent lighting solutions, saw its share leap 92 per cent after it appointed Saudi Technical Support (STS) as its exclusive distribution partner in a bid to drive sales and installation of its 'Secur' portfolio.

By MoneyWeek

published 26 November 2012

in Features

STS, which is based in the Kingdom of Saudi Arabia (KSA), is specialised in electro-mechanical contracting and trading, which is suited to the growing blast protection solutions market, which is increasing in the Middle East due to several factors affecting the stability of many countries and their economies.

Eruma Chief Executive Wayne Money said: "KSA is a significant market for us. This is our second country-specific partnership focused on promoting Secur abroad and we are delighted to be working with a company of such stature as STS in Saudi Arabia."