G4S secures Brazilian acquisition
Olympic whipping boy G4S has bought another Brazilian company, making it one of the biggest security firms in the rapidly growing country.
Olympic whipping boy G4S has bought another Brazilian company, making it one of the biggest security firms in the rapidly growing country.
G4S has bought security provider Vanguarda Segurana e Vigilncia for an undisclosed sum, although the firm noted the Sao Paulo firm has gross assets of £29m.
Vanguarda provides security personnel, security systems and monitoring services and mobile patrols to sectors such as banking, transportation, commercial buildings, education, health and public services.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The acquisition follows the purchase of Interativa Service in December 2011.
The combined purchases make G4S a leader in both the security and facilities management markets in Brazil, in terms of revenue.
G4S' said its strategy was to expand beyond security in selected large developing markets where the market opportunity is large and there is significant growth potential.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
1,000 children hold over £100,000 in a junior ISA – how to grow tax-free nest egg for your child
Junior ISAs can be a tax-efficient way to grow a nest egg for your child. We explain how they work
-
How to start investing: a beginner’s guide
Getting started in investing is a great way to make your money work harder for you over the long term, as investments tend to outperform cash savings